The markets got off to a rocky start. Worries about Spain mounted by the European close and we hit the lows of the day. Tech and banks took us down, but by the end of the day the the Teflon Don market came back and went GREEN. If you had a samich you might not have noticed the intraday head fake to the downside.
One good note is that oil took it hard on the chin as the IEA said they will act to combat higher crude, worries over China, and the idea that France will join others in tapping oil reserves is taking hold…..
If you did not have a samich today,
then you should have been drinking with Bob….
DOW UP 17
NASDAQ DOWN 9
S&P DOWN 2.4
OIL DOWN $2.19
[youtube://http://www.youtube.com/watch?v=Um1lA9m4wL0 450 300]
