Market Soapbox 08/20/08
WEN, bounce DJIA +69 on average volume with midlin internals. All UP cept DJTA.
Bonds up 10 yr -3bps 3.80. $ up vs 1.478€ & down vs 109.61y, WTI +1.5% $116.25, gold up $821.7; TED Spread up BIG +11bps 1.13%
SP500 1267, dive 1261, rise to 1276, close 1274. NDX 1908, gap up to 1921, hop to 1932, dive to 1900, bounce to close 1913.
MON: Major concern over FHLMC & FNMA needing a near term bailout.
TUE: Talk that Lehman is planning to sell large amounts of assets could point to an extremely ugly third quarter.
Lehman failed to secure its Korean backing. Fannie & Freddie tumbled to 20 year lows...
while their bonds rallied under the belief that a bailout for the debt is "a sure thing."
Keep your eyes peeled to the sky, it could be another name brand.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up 10 yr -3bps 3.80. $ up vs 1.478€ & down vs 109.61y, WTI +1.5% $116.25, gold up $821.7; TED Spread up BIG +11bps 1.13%
SP500 1267, dive 1261, rise to 1276, close 1274. NDX 1908, gap up to 1921, hop to 1932, dive to 1900, bounce to close 1913.
MON: Major concern over FHLMC & FNMA needing a near term bailout.
TUE: Talk that Lehman is planning to sell large amounts of assets could point to an extremely ugly third quarter.
Lehman failed to secure its Korean backing. Fannie & Freddie tumbled to 20 year lows...
while their bonds rallied under the belief that a bailout for the debt is "a sure thing."
Keep your eyes peeled to the sky, it could be another name brand.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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