INDU, SP500, and NQ100 rallied sharply of their lows on Thursday with a sharp spike in volume in the Dow Jones. BAC continues to take a hit as they look to the G for relief in financing the Merrill deal.
Talk about Morgan Stanley looking to secure a supertanker to store oil at these price levels with the expectations of higher prices later this year. These guys have trouble trading in anything they cannot figure out, which is just about everything. What makes anyone think they have figured out the oil market? Their own stock is down -13% this year and -65% ytd. The only action they have succeeded in is where they get traction for transactions. Morgan will continue to be a fade.
