THE CLOSE
The day wraps up on the highs and the big winners are the usual the suspects, the Oils and the Metals. One good thing is we won't be hearing much more about Enron as the boys will no doubt be going to the pokey for a long long time and I for one am glad about the verdict.
The big clue of the day was the market internals. They spent much of the day over 2k to the green and closed at the highs with over 3,000 more winners than losers. The SMH did not act well and that is a little hiccup for the bulls, but there is always something. GS got jiggy in the last 30 minutes and that is a feather in their cap.
The Volatility indexes cratered so hopefully we begin the big drip lower, and the drip higher for the equity markets.
The big clue of the day was the market internals. They spent much of the day over 2k to the green and closed at the highs with over 3,000 more winners than losers. The SMH did not act well and that is a little hiccup for the bulls, but there is always something. GS got jiggy in the last 30 minutes and that is a feather in their cap.
The Volatility indexes cratered so hopefully we begin the big drip lower, and the drip higher for the equity markets.
posted by DAVID at
4:15 PM
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