NOON LOOK
Markets are actually acting pretty well in light of the crummy jobs numbers. Market internals hint at afternoon weakness with about 2,300 more losers than winners but some of that can be attributed to fixed income funds which are getting clobbered on the spike in rates. The 10 year Bond is back to 4.68%, which is the highest in a while.
The banks and brokers however are hanging in well near the unchanged line as most of the major brokers are slightly red.
NAZ 100 has been the best acting major market index with a break to green a few already this morning.
KLAC WMT CSCO YHOO GOOG all green while the worst performing sectors include oils, metals, trannies and airlines.
Breaking news, Kirk's guy York resigns from GM and Kirk says he is no longer interested in purchasing more GM shares. Hmmm, just wondering if Kirk was playing everyone for a fool as he may now take his profits and run and leave all including our favorite carnival barker holding the bag. GM down $1.6 as I type.
posted by DAVID at
12:09 PM
2 Comments:
Let's see if Jimmy Cramer changes his tone on GM if the stock goes down. Maybe 6 months later and with GM down to teens, he'll be telling us that he never really liked GM and reference his beginning 06 comment.
PS - really enjoy your posts! Keep up the good work.
Nah, now he can just go back to his earlier prediction in January that GM is going to $0.
All bases are covered all of the time.
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