Tuesday, September 9, 2008

Bail-out trading

Remember when Bear Sterns was bailed out? The day of the bailout, the NASDAQ closed down 1.8%. The next day, the NAZ was up 4.3%!

We have news of slowing IT spending, but we also have the Apple meeting and Steve Jobs looking healthy.

And we should have a respite from all the hedge fund liquidations today whose after affect should be contained by 10:30.

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