3 replies to this topic

[dcengr]

Still looks good for more upside. I think tomorrow we gap up and run for a bit. Should close holding the gap from filling, but a little sell off near the close ain't out of the question.

[ogm]

I think so too. Except I'm not so sure about selling into the close.

And mainly because of this.... Also don't forget we had AHM and LEND all but declaring BK, and BZH rumors too. And the market rallied. Very bullish, IMO. Smells like a washout.



Corporate bonds rebound decisively Thursday
By Leslie Wines, MarketWatch
Last Update: 3:02 PM ET Aug 2, 2007

NEW YORK (MarketWatch) - Corporate bonds staged a decisive rebound on Thursday, as worries about credit market risk lessened, although deal flow remained light after the market nearly dried up in the last few weeks.
Throughout July corporate bond spreads widened decisively, as investors fled from the risk associated with the subprime lending crisis and new corporate issuance all but dried up.
However, on Thursday spreads were decisively narrowing for the first time in weeks, following news from top European banks, including Societe Generale (FR:013080: news, chart, profile) , that they have only limited exposure to the subprime lending crisis.
A spread represents the distance between the yield on a corporate bond and the yield on a Treasury note of comparable maturity. .....



http://www.marketwat...mp;siteid=yhoof

Edited by ogm, 02 August 2007 - 10:14 PM.

[Frac_Man]

I'm looking for a Gap Up tomorrow and down hard for the rest of the month

enjoy

Hank

Still looks good for more upside. I think tomorrow we gap up and run for a bit.

Should close holding the gap from filling, but a little sell off near the close ain't out of the question.

[Rogerdodger]

Sounds like we have a market.