Markets closed the day mixed with the NAZ in green territory while the DJIA/SPX were red.
Strong sectors- semis, metals, ags, brokers and homie while defense, drugs, small caps and internets lagged.
NYSE- flat internals.
NAZ- 800 net losers.
NDX- 48 GREEN;
SPX- 233 GREEN;
TRIN- .67 up volume 1.5x the down with AIG FNM FRE skewing as usual.
Not a good day for the bears who had a perfect opportunity to sell off the market hard after the opening gap up- no dice- and Monday - I suspect the bulls keep it going for another few days.
The Quant on why we may be going higher.
Madoff and the Mets- and Erin is wonderful journalist.
MJ and his lousy credit- not a shocker.
And the football Giants and their problems.
And what a lousy player Soriano has become he can't hit very well and is fielding worse than ever.