3.24.2006

2:00 NOW WHAT


The markets have drifted all over the map today and now they are about flat with the NAZ +7 and the SP+1. Internals are actually doing ok hanging in at 900 to the green side.

AAPL is right back to its old tricks down a buck after fooling us all this morning with the hope it would find support at 59/60.

Metals are still the sector of the day with gold up over 9 bucks. The XAU is +2.66% and the HUI is +3%.

Very interesting that the 10 year has drifted back down to 4.66% and if that gets much lower we may find some asset allocators (aka alligators) shifting from bonds to stocks.

My favorite market commentator who bottom ticked (sell sell sell) the refiners in mid February ( the one where he declared "I am not a joker") is now yammering that the natural gas stocks have to be owned here. He makes so many predictions and forecasts that some have to be right (no?).

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