d******8
发帖数: 1972 | 1 The stock market has for the second day in a row gotten a late-day jolt from
another rumor out of Europe.
The latest “news” is that the G-20 is considering a humongous IMF fund to
lend money to Europe.
Sounds legit, if by “legit,” you mean “ridiculous.” Regardless, the Dow
is up 80 points, the S&P is up about 5 and the Nasdaq is up about 5.
The financials, which arguably have the most to gain from a giant magical
pile of IMF money, are up 1.4%, leading the market.
Health care, a defensive sector, is up 0.8%, the second-best sector in the
market, so it’s not all risk-on.
The euro is up to $1.342.
Not a huge rally, but more life than we’d seen much of the day.
The 10-year Treasury note is not having it, yielding 2.03% at last check,
near its lowest level of the day.
Update: Never mind! The IMF just denied it had a big magical pile of money!
The rally has been canceled until further notice.
Except for the financials, which continue to rally unabated, up 1.2% right
at the closing bell.
Morgan Stanley is up 4.6%, Goldman is up 4%.
Gosh darn it all to heck, we almost got the S&P 500 to close above its 200-
day moving average. This is the third day in a row it has failed to do that,
notes Bespoke. With four you get egg roll. |
|
