8.28.2009

THE CLOSE


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.

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