November 24, 2008

The Morning Report



The market continues to like Geithner, which represents Obama taking charge, and all the money thrown at Citigroup. The futures are all up nicely in the pre-market.

However, as I repeat myself again, the Dow and the S&P500 did pierce their October trading range and challenged the 2002 lows, but recovered somewhat but are not yet firmly back in the range. The above chart is of the S&P at Friday's close.

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