Market Soapbox 05/12/08
MON, bounce, DJIA +130 on tepid volume with nice internals. All UP BIG cept XAU.
Bonds down 10 yr yield +2bps 3.79, $ down vs 1.5534€ & up vs 103.93y, WTI -1.5% $124.14, gold down $884.9, TED spread down BIG -12bps 0.88%.
SP500 open 1388, dip to 1386, rise to close 1404. NDX 1960, gap up to open 1967, dip to 1959, rise to 1999, close 1997.
THU: SP500 testing 1400-1405 level again. And again today as the market ignored bad news.
Tomorrow WalMart & Freddie, will they disappoint? will they be ignored?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +2bps 3.79, $ down vs 1.5534€ & up vs 103.93y, WTI -1.5% $124.14, gold down $884.9, TED spread down BIG -12bps 0.88%.
SP500 open 1388, dip to 1386, rise to close 1404. NDX 1960, gap up to open 1967, dip to 1959, rise to 1999, close 1997.
THU: SP500 testing 1400-1405 level again. And again today as the market ignored bad news.
Tomorrow WalMart & Freddie, will they disappoint? will they be ignored?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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