Monday, December 5, 2011

Evening Thread

Evan biking in the downtown area.

After the gap up start for the week good ol' S&P threw the eephus pitch and caught the market by surprise.  I think the only real surprise is that they did it during market hours.  That may be a good thing for all.  The rater postures that they are doing their job (lol) and the market had time to digest the news.  The inclusion of all 17 countries should give Merkozy a big stick and whip to herd the profligate spenders toward some modest austerity.  We can only hope.

Afternoon Thread


Evan's bike made the trip in fine shape.

After an impressive open on the latest news from Merkozy and the Italian bond market things have cooled.  Volume continues to be lower than many would like and lower than the 5 day moving average shown on Rev's site.  (sharkinvesting.com)

Morning Thread

Probably won't make it through the metal detector at the airport.

Markets appear to want to open a bit higher this morning.  Southern posted the overnight summary on the weekend thread.  If you did not see it I suggest it's a great summation and it's a short read.  This link takes you directly to her post.  (You're welcome.)