DJIA 11,057.03 231.86
NASDAQ 2,196.96 41.29
S&P 500 1,212.30 26.43
If/when bailout passes, expect some pop in financials and overall markets with weakness in precious metals.
PAAS 24.72 -.76. Selling today for 7.4% gain. Good silver miner, though stepping out to take funds out of this sector for a few days.
FIG 13.61 +.62. Up 10% since going long yesterday afternoon. Expect it to go higher short-term. Look to sell soon on upspike.
HOMB 27.88 +.4. Financial has shown relative strengthh the past few weeks. Big up volume week of Sept 15 2008.
TLT Expect we have seen an intermediate-term low IF the bailout passes. (MarketWatch) -- Treasurys declined Thursday, pushing two-year note yields up for the first time this week, on expectation that Congress will approve a financial rescue plan in some form.
Two-year note yields (UST2YR) rose 17 basis points, or 0.09%, to 2.19%.
WF 36.27 +2.58. Broker sent a "buy in" so I am forced to cover this short. Big price spread 35.63 bid 36.02 ask, so this can violently squeeze higher.
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