We got the anticipated bounce, such as it was. Dow 30 up 151 or 1.8%,; S&P up almost 1%. But the Russell or mid-caps index lagged with a loss of not quite 1%. All 3-G’s were down (see earlier post). Citi, onhuge volume dipped below $8 and closed at $8.36, down almost 6%.
Only one new high on the Big Board and 600 new lows, volume was once again light.
Bonds had a monster move as investors fled to the “safe haven”. TLT is now above both its 50 and 200 moving average. TIP, below its 50 & 200 MA, continues to muddle along as it signals benign inflation.
Oil shares had an irregularly up day on very low volume.
Make it an enjoyable evening!
