The SPUZ traded down 6 or so last night and this morning are up 4, the pattern continues...yesterdays reversal has been washed away, by an initial jobless claims number that beat expectations, 530k - break out the bubbly. The snazdaq is ramping early as the 20k less people that filed for benefits are certainly on line at some cell phone dealer buying an iphone, blackberry, or pre - maybe after that they will go buy a PC, and after that maybe, just maybe they will get to paying their mortgages, cuz the banks can wait right - they have our money anyways (taxpayer).
So anyways - the bull market had a slight pause yesterday afternoon and the bull continues this AM - will it last? Well that will be determined.
JB
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