On the Dow, you have gains in the more cyclical names versus more selling in Citigroup. You also have the Dow getting a lift from some positive short-term movement in the dollar,
The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week,
The question is, how seriously do we take what's going on today, considering the volume, and what's going to happen next week when people come back? ... I would take today as a positive with the caveat that not many people are here.
You have gains in the more cyclical names versus selling in Citigroup and J.P. Morgan. You also have the Dow getting a lift from some positive short-term movement in the dollar,
The Sox, which had been positive on a relative basis during the last three sessions, is now accelerating, and the composite is leading, which is important.
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