Market Soapbox 02/19/08
MON, Market Closed Presidents Day
TUE, herk & jerk, DJIA -11 on lower volume with bad internals. All DOWN cept MID, RUT, XAU, XOI.
Bonds down BIG 10 yr yield +10bps 3.87. $ down vs 1.4718E & up vs 107.916y, WTI up 4% $99.2, gold up 2.5% $929 TED spread down -6bps 0.82%
Last week: "SP500 support 1350, NDX 1750. Grandma, are we out of the woods yet? Not quite." Today up 155 points only to close down.
SP500 gap up 1350 to 1355 open, rise to 1367, fall to 1345, close 1348. NDX open 1802, rise to 1807, fall to 1759, close 1764.
Google's "accidental" advertising clicks and Credit Suisse "mismarkings" of securities...
joined FLA's dangling chads and ill behaved O.H.I.O Diebold voting machines,
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
TUE, herk & jerk, DJIA -11 on lower volume with bad internals. All DOWN cept MID, RUT, XAU, XOI.
Bonds down BIG 10 yr yield +10bps 3.87. $ down vs 1.4718E & up vs 107.916y, WTI up 4% $99.2, gold up 2.5% $929 TED spread down -6bps 0.82%
Last week: "SP500 support 1350, NDX 1750. Grandma, are we out of the woods yet? Not quite." Today up 155 points only to close down.
SP500 gap up 1350 to 1355 open, rise to 1367, fall to 1345, close 1348. NDX open 1802, rise to 1807, fall to 1759, close 1764.
Google's "accidental" advertising clicks and Credit Suisse "mismarkings" of securities...
joined FLA's dangling chads and ill behaved O.H.I.O Diebold voting machines,
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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