Market Soapbox 02/14/08
THU, triple digit dip, DJIA -175 on lower volume with horrible internals. All DOWN cept XOI.
Bonds down BIG 10 yr yield +12bps 3.84, $ down vs 1.4638E & vs 108.035y, WTI +2% $95.35, gold up $912.1 TED spread down -3bps 0.77%.
Overnight Nikkei +4.3%; Hang Seng +3.7%; WEN: "SP500 support 1350, NDX 1800. Grandma, are we out of the woods yet? Not quite."
SP500 open 1367, plunge to 1347, close 1348. NDX open 1823, plunge to 1784, close 1787.
Bennie & The Ink Jets Senate testimony comments and Moody's downgrade of FGIC were not well taken.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not. And Happy Valentines Day...
Bonds down BIG 10 yr yield +12bps 3.84, $ down vs 1.4638E & vs 108.035y, WTI +2% $95.35, gold up $912.1 TED spread down -3bps 0.77%.
Overnight Nikkei +4.3%; Hang Seng +3.7%; WEN: "SP500 support 1350, NDX 1800. Grandma, are we out of the woods yet? Not quite."
SP500 open 1367, plunge to 1347, close 1348. NDX open 1823, plunge to 1784, close 1787.
Bennie & The Ink Jets Senate testimony comments and Moody's downgrade of FGIC were not well taken.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not. And Happy Valentines Day...
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