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Does it matter that the Chicago PMI came in under 50 for the first
time since the economic melt down? It mattered for about 90 point
for about an hour. Then it was back to business as usual and the
DOW is up 11 points at 2
Well, this is totally insane. But hey, it is certainly
entertaining. We had the DOW up 130 a bit ago, now up about
This last hour is going to be awful interesting to see... but it's
my guess they keep that SPY well
They had a good chance to sell this market down as we opened a bit
pink but got red quickly. In moments we were down 30 points, but
"just like that" they brought us back and in another few minutes we
were up 30. Now
This has been some interesting day. All manner of things they
absolutely hated just days ago like gold and materials and oil are
doing fantastic. But the leaders like medicine have been
struggling. Okay, simple sector rotation or a real change of the
guards? Hard to say.
Heading into the last hour we have the DOW off 12, the S&P up
3. I tend to think they want to pull off a green across the
board close. But like most "pause" days it's a bit of a struggle
Well by now you might already know that a short time back someone
hacked the AP twitter accounts and put out a fake twitter blurb.
Basically they said that there were two explosions at the White
house and that the President had been injured.
Ha! From down 80 to up 25, they managed a bounceback and got it.
So, as much as I don't like these "wandering" kind of days, I went
and took the NKE and the BMY. So for the first time in several
days, I have
Everyone is fixated on the Boston situation, and the market has
taken a back seat to all of it. The DOW off 60, and most of the
damage coming from IBM who missed their earnings. If it wasn't for
IBM, the DOW would actually be "up".
Well, my guess that maybe this wasn't over yet has come true as
we've been down about 100 points for a while now. The market has
been feeling heavy, and the volumes have been "up" on down market
days. They've been scaling out and I
The market has not done a lot since the initial plunge down to the
DOW -170 level this morning. There's been a few fits and
starts higher, especially not long ago when the news outlets
started talking about the police making an arrest in the Boston
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