Some of the closing prices in the previous post were apparently incorrect. CNSL appears to have closed at 8.12, so it did make it back to the 8.25. 15% dividend for a phone company!
The DOW had volume down yesterday. S&P down volume yesterday wasn't that heavy. Nasdaq had down volume.
Citigroup management is calling for short sale restrictions. Last month this didn't stop the price declines - people are selling and buyers have left the room. We don't need more market rule changes. We need more balance sheet transparency - no level 3 "assets", and no off-balance-sheet anything.
Gold is volatile and starting to shine.
Option expiry this weekend. When this passes, there could be some reduction in volatility.
Asia and Europe are trading higher.
The day after Thanksgiving has a seasonal tendency for the US markets to trade higher.
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