Thursday, May 1, 2008

Afternoon Buzz

From Marketwatch
"On the New York Mercantile Exchange, crude-oil futures fell $2.13 to $111.33 a barrel.
Advancing sectors on the S&P included financials, up 3.3%, and consumer discretionary, which climbed 3.2%. Declining sectors on the S&P had energy falling 2.6% and materials down 0.6%."
As I depart from school at 2:30 pm on this May 1st for a few days vacation, the Dow Transports are in the green by 178 points, Dow Jones is positive by 186, S&P is green by 21 points (key is it broke through 1405), and the Nasdaq Composite(tech heavy index) is up 60 points. The yield (3.763) on the 10 years Note is green today, following money into "thee stocks". Good day for the Equity Bulls, Good day for the Bears in the Energy market and good day for all to be alive. I need to go to the gas station right now and I by no means am looking forward to that.

If your taking a break from the markets today, here is a good story from the NY Times.

MPM

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