Friday, February 1, 2008

Battle For Direction

Markets have a bit of everything today. Surprise number on unemployment and a not so much of a surprise from Msft bidding on Yhoo. Many yahoo folks are pleased to be baled out because most folks own that stock substantially higher but it beats the current stock price disaster.

A real battle is currently underway for direction with the bears having a bit of traction problem. The DJI, SP500, and NQ100 all have closed over the August lows and now are trying to reject the markets hard break.