Market Soapbox 05/15/08
THU, followthrough, DJIA +94 on lower volume with pretty internals. All UP cept DJUA.
Bonds up BIG 10yr -9bps 3.82, $ up vs 1.5448€ & down vs 104.755y, WTI up $124.19, gold +1.5% $880, TED spread down -1 bps 0.89%.
SP500 open 1408, dip to 1406, rise to close 1424 . NDX open 1995, dip to 1991, rise to close 2032.
WEN: NDX sitting on 2000, SP500 pushed 1420 and fell to 1408, still not near our 1455 target.
Hear, speak and see no evil market has NDX pushed through to 2030 & SP500 to 1425 level.
Housing starts & Building Permits disaster could go unnoticed. Tommy? can ya hear me? 1455 next?
Why not? This deaf dumb and blind kid sure plays mean pin ball...
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up BIG 10yr -9bps 3.82, $ up vs 1.5448€ & down vs 104.755y, WTI up $124.19, gold +1.5% $880, TED spread down -1 bps 0.89%.
SP500 open 1408, dip to 1406, rise to close 1424 . NDX open 1995, dip to 1991, rise to close 2032.
WEN: NDX sitting on 2000, SP500 pushed 1420 and fell to 1408, still not near our 1455 target.
Hear, speak and see no evil market has NDX pushed through to 2030 & SP500 to 1425 level.
Housing starts & Building Permits disaster could go unnoticed. Tommy? can ya hear me? 1455 next?
Why not? This deaf dumb and blind kid sure plays mean pin ball...
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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