As stated in summary on Tuesday TB had to make an unexpected trip but will be back on Monday with all usual reports.
Note that today is options expiry and that we remain rangebound anchored by options positions. Note how financial stocks, especially stocks that disappoint like Citi are then rallying…the only explanation for this is shorts covering…but don’t think they won’t be back with a vengeance. There is still no end in sight to the credit crisis and therefore no reason for stocks to rally.
Hope you all have an enjoyable weekend…till next week,TB
