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Percent and the dow is up little higher and the nasdaq is up by 1 . Question was whether traders would see a selloff before the president s day to day weekend but we are Holding Onto Gains as we go into the holiday weekend. Lets look at sector performance. You can see for the most part its a broadbased rally. The s p 500 10 sectors are in the green but utilities are down a little. Financials are the biggest leader up by 3. 25 and they were the biggest laggard yesterday. 2. 4 ials are up by 25 and energy is up. Some of the financial stocks are in rally mode. Bank of america and citigroup yesterday fell 6. 5 . They are now up by 5 . Is up 7 off of that news as well as wells fargo. Lets take a look at energy. With energy, crude oil is up 10 at 6 . It had been up about 11 but we are now up near the 29 per barrel mark, near session highs. This is the biggest jump since january. Yesterday, it fell to the lowest hint of days. At equi ....
The dow fell. S p fell. Nasdaq climbed 8. 42 . Why bother . Who needs it . I believe it is okay oto buy into a market thats risen a great deal already before running into this nasty selloff at a time when there is so much bad happening in the world . You know what . I think these are perfectly logical questions right now. And they have to be answered since the action is obviously not as good as it was once. And we are up so much that i cant blame a sole for wanting to take something off the table. First lets explain whats happening. My old hedge fund, say we were up more than the s p 500 at this point in the year. As about only 20 of the funds are right now. Do you know what we do . We feel like idiots giving back these gains, right . I mean thats horrendous. So it would be natural for us to blow out of everything. Everything. Think about it. What is the point of giving back the year . I remember whole periods, months, where i would go to the movies or at least go to block buster video ....
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