3.20.2006

330 UPDATE


The markets continue to tread water and I think the longer they do the greater the probability of a sprint higher led by the NAZDAQ(later in the week). The Oils have gotten crushed today and that may help the general equity markets. Market internals are still sitting at about 400 to the red with the NAZ issues outpacing the NYSE.

The other things of interest are the homies red and the ten year rates down which is a bit of a conundrum.

The financials are flat and the upside gainers are led by everyone's favorite short GS now trading at 152.45 (+2.07) and GOOG at 348 (+9).

And now for Kramer, bulling PORK and SFD. These may be good but I wouldn't buy them today. They are both way up on "BIRD FLU" issues as the anti bird flu stocks. My strategy, if I wanted to own them, would be to buy them on a day when no one is talking bird flu.

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