Dow closing (user search)
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Author Topic: Dow closing  (Read 4975 times)
Beet
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Posts: 28,914
« on: August 18, 2011, 09:23:25 AM »
Today could be a +1,000 point circuit breaker day.

"Black Thursday."
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Beet
Atlas Star
*****
Posts: 28,914
« Reply #1 on: August 23, 2011, 04:30:23 PM »
« Edited: August 23, 2011, 04:32:11 PM by Beet »
The "internals" of this rally are not very good.

The first thing I checked was the yield spread on Spanish and Italian bonds- they widened today by the most since the ECB announced bond buying. Not good.

The second thing I checked was financial stocks. FAZ was up a good 9%, but BAC was actually down and C gave up all its gains after-hours. Not good.
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