Market Soapbox Week Ending 11/02/07

MON, followthrough, DJIA +64 on lower volume with OK internals. All UP cept DJTA. Bonds up 10 yr yield -2 bps 4.38, $ down vs 1.4425E & up vs 114.619y, WTI crude up 1.8% $93.53, gold up $792.6

TUE, late day failure, DJIA -78 on lower volume with poor internals. All DOWN cept SOXX, NDX, DJUA. Bonds flat 10 yr yield 4.38, $ down vs 1.4439E & up vs 114.703y, WTI crude down 3.3% $90.38, gold down $787.8

WEN, whipsaw, DJIA +137 on lower volume with pretty internals. All UP. Bonds down BIG 10 yr yield +8bps 4.46, $ down vs 1.4474E & up vs 115.335y, WTI crude up 4.6% $94.53, gold up 1$ $795.3

THU, slapdown, DJIA -362 on higher volume with devastating internals. All DOWN +1%. Bonds UP BIG 10 yr yield -12bps 4.34, $ up vs 1.4437E & down vs 114.57Y, WTI crude down 1% $93.49, gold down $793.7

FRI, late bounce, DJIA +27 on higher volume with midlin internals. All UP cept MID, OEX, XMI. Bonds UP 10 yr yield -2bps 4.32, $ up vs 114.845y & down vs 1.452E, gold up 1.8% $808.5, WTI crude up 2.6% $95.93

This week, DJIA -212, since 09/19/05 DJIA +2993. CRB commodities up 345.87 to 353.57

XAU up 182.31 to 187.37 & gold up 787.5 to 808.5 XOI down 1506.41 to 1471.33 & WTI crude up 91.86 to 95.93

Volatility VIX up 19.57t o 23.39. Dollar index down 77 to 76.29 $ up vs Yen 114.31 to 114.845 & down vs Euro 1.4393 to 1.452

This week bonds UP. 30yr -7bps; 10yr -8bps, 5yr -9bps, 2yr -9bps, 6mo -23bps. 30 yr @ 4.62%; 10 yr @ 4.32; 5 yr @ 3.96; 2yr @ 3.68; 6 mo @ 3.81.

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