sp'60min
Summary
It feels like a fair while since we have opened lower, yet...we're only talking about index falls of 0.5%. This is absolutely nothing for the equity bears to get overly excited about.
Frankly, baring a move back under 1700, and then the August low of 1627, I can't take any decline remotely seriously.
*bears should keep in mind there is a sig QE-pomo of around $3bn today, which will no doubt help to negate much..if not all of the sell side volume.
notable movers so far: NFLX -$7 (2%) :@ $315. The Monday AH high of $396 sure looks a long way up. CAT is weak, -4%, whilst Boeing is +3%.
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Video from Oscar...
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