Market Soapbox 06/19/07
TUE, wavy gravy, DJIA +22 on lower volume with midlin internals. All UP cept DJTA, NDX, SOXX, MID, XOI.
Bonds up BIG 10 yr yield -6 bps 5.08, $ down vs 1.3429E & vs 123.357Y, WTI crude up $69.1, gold up $664.7
DJIA up 41 for 58; 48 record closes since Oct.; 26 YTD; and on a parallel with 1989 Nikkei 225: the DJIA is now 48 for 69.
Today only $3.75 B in Fed reanimation; Friday: "we sense some resistance at NDX 1955."
Yesterday: "Tomorrow Housing Starts & Permits, more bad news indeed and there is the slightest hint of consolidation in the air."
Today NDX testing 1948 again, the SP500 bouncing around 1530 to 1535 range. Oil testing $70 again, bonds still rallying.
I smell a rancid stench emanating from something nasty in the woodshed. See today's other posts for details.
Often wrong, but never in doubt, this is the Nattering Naybob and your not!
Bonds up BIG 10 yr yield -6 bps 5.08, $ down vs 1.3429E & vs 123.357Y, WTI crude up $69.1, gold up $664.7
DJIA up 41 for 58; 48 record closes since Oct.; 26 YTD; and on a parallel with 1989 Nikkei 225: the DJIA is now 48 for 69.
Today only $3.75 B in Fed reanimation; Friday: "we sense some resistance at NDX 1955."
Yesterday: "Tomorrow Housing Starts & Permits, more bad news indeed and there is the slightest hint of consolidation in the air."
Today NDX testing 1948 again, the SP500 bouncing around 1530 to 1535 range. Oil testing $70 again, bonds still rallying.
I smell a rancid stench emanating from something nasty in the woodshed. See today's other posts for details.
Often wrong, but never in doubt, this is the Nattering Naybob and your not!
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