Market Soapbox 02/08/07

THU, early 70+ pt plunge then rally into close, DJIA -29 on average volume with midlin internals.

All DOWN cept DJUA, MID, RUT, XAU, XOI. Bonds up 10 yr 4.73, $ up vs 121.235y & down vs 1.3032E, gold up $664, WTI crude up 3% $60.30. Huge aftermarket volume surges WEN.

Reports of a fire at California's biggest gas field spooked the herd as crude prices jumped 3%.

Comments