The ability to hold S&P 500 level 1165 through thick and thin is a testament to the Plunge Protection Team. Remember, if that breaks it's a straight shot to 1140 as the next support. Then below 1100. That naked short selling lift tomorrow has me wanting to be positive here...
Can 1165 hold?
1 comments:
Mark,
one guy on realmoney pointed out 3month treasuries yield plunged to 0.08% at one point...hmm that's what happens when you accept crap for collateral for Treasuries.
the mattress is better than 0.08%
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