12/1/08…something to be thankful for
Julia wrote an interesting post today on
Here’s a quick excerpt
…but just like on Thanksgiving, you feel the pain after that big dinner. On Friday’s shortened session, the stock market managed a rally…not that it mattered because nobody was home! That is how the Dow tacked on 1.2% on volume of just 788M shares or about half a normal session. The S&P 500 was also up 1% but the Nasdaq Composite barely rose as did Dow Transports (on an inside day), while the Nasdaq 100 fell 0.6% on an inside day. Energy also had an inside day falling 0.9%, as did the SOX which fell 1.5% to take honors as worst performer. Oddly, the Russell 2000 managed to climb 0.9% by 2:1? Also losing were Oil Services, Housing and the Nasdaq Composite.
The overnight markets are a shambles. Why didn’t anyone ask on Wednesday AND Friday why the stock market rallied amid a major terrorist attack in Mumbai, India? Does that [...]
Read the rest of this great post here