A big gap opening and then just a minor fade - limited trading opportunities (just the way Obama wants it). His version of responsibility on Wall St. is his boys, JPM,GS etc gunning the market 24/7. Richard Russel put the following in his thoughts this AM The following is from the latest issue of Business magazine: "Bright, eager, and unwanted. While unemployment is ravaging just about every part of the global work force, the most enduring harm is being done to young people who can't grab onto the first rung of the career ladder.
"Affected are a range of young people from high school dropouts, to college grads, to newly minted lawyers and MBAs across the developed world from Britain to Japan. One indication in the US -- the employment rate for 16 to 24 year-olds has climbed to more than 18%, from 13% a year ago. For people just starting their careers, the damage may be deep and lasting."
Nonetheless Wall St. continues to throw itself a party, JNJ, CIT, AA - who even remembers these....
JB
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