Market Soapbox 04/17/08
THU, sideways, DJIA +1 on lower volume with midlin internals. All DOWN cept XMI, OEX, SP500.
Bonds down 10yr +5bps 3.73, $ up vs 1.5908€ &vs 102.415y, WTI up $114.95, gold down $945, TED spread down -7bps 1.53%
SP500 open 1363, dip to 1357, rise to close 1366. NDX open 1847, dip to 1829, rise to close 1841
WEN: What is in the bong investors are toking on? Mostly gloomy news; SP500 1300 & NDX 1775 could be on the horizon.
If Citigroup's writedowns exceed $10 billion we sense a large downdraft in the air.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10yr +5bps 3.73, $ up vs 1.5908€ &vs 102.415y, WTI up $114.95, gold down $945, TED spread down -7bps 1.53%
SP500 open 1363, dip to 1357, rise to close 1366. NDX open 1847, dip to 1829, rise to close 1841
WEN: What is in the bong investors are toking on? Mostly gloomy news; SP500 1300 & NDX 1775 could be on the horizon.
If Citigroup's writedowns exceed $10 billion we sense a large downdraft in the air.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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