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Alix we did text. Julie i am sure. I am just talking about the content. We are seeing a bounce. The dow gaining more than 100 likes as it looks investors shake off the jobs report from friday, trying to figure out the feds next move. They hope janet yellen will give them direction when she speaks in about half an hour. Though she may not give much direction. A commoditiesled rally. Oil prices bouncing. Our cultural commodities also on the rise. Up 15p 500, a big leg minutes after the open. It has remained steady ever since. Volume is low again. Down by 13 below the 20 day average. That is something to keep in mind. Going flipside of what is on with stocks, we have selling in treasuries. The yield on the 10 year going to 1. 37 area mostly declining yields as of late, so it is interesting to see a bounce. Prices are working their way higher after the head of Economic Development in abu dhabi says oil prices could barrel. 0 per ....
Julie you see all three major tool, the quote, and play to influence oil prices. Using it for 35 averages are little changed after falling as much as half a percent. Years. So that is one strike against them. They will say that they are if you look at the s p 500, it unified in the believe that the is just shy of 2100. That has been a tough level for market is ok taking care of itself with oil prices racing. The s p. Oil prices rising. 2100 is sort of the upward bound have been bickering about of what we have seen from the who will be the index. Secretarygeneral for the past it has had trouble staying above that level for any extended four years. The current secretarygeneral, his term is mandated expired period of time. Many, many years ago and he wants to retire. They finally chose a new secretarygeneral. Health care shares are on the rise. So some say at least they can you is still energy in the decide something. Losing spot here. So they can kick the can down the road in reinstating ....
Big today gain and as you say, dont fear the fed, even in the face of this perception that the fed will potentially be more aggressive. All three averages hovering near their highs of the session. Been talking lately about anniversaries of record for the major averages and we are approaching the anniversary of the doubt. It was at a record last may 27 and as you can see, distill trading lower by 1. 7 . But since last friday, we have embarked on a significant rally, to thate getting closer record level. What would it have to do to get to that level by friday . Lets look at the last week of trading. We have seen the 360 point gain for the dow. It would have to go up by the same again to regain that record status. Part of what has power to be stocks generally higher has been the financial group, which has seen this big increase here. We have seen financials move higher along with bond yields. Financials still the second worstperforming group year to date, so there is a rotation factor. Ne ....
Soros didnt help matter. Were getting little bit overbought. We talked about frequently. Was getting closer within a half percent of its all time record close. The dow and the nasdaq also have days. Allying for a few he certainly again did not help matters. Looking at some big percentage declines. Them. L is one of offshore driller seeking to cut debt load. Investors dont like the shares down 10 . Nrg energy that stock downgraded to sell over ubs. Says its not justified. Chesapeake energy also getting downgrade. This one coming from rbc. Saying there are opportunities risingvalue in a commodity environment. For chesapeake theyre more amongstthan they are some of the peers. Were looking at restoration hardware. Numbers came out with that missrd estimates. Loss. Ed unexpected also had a disappointing forecast and its pulling down some of the other home retailers. Also feel the pain today. I talked earlier in the day falling. Ks Asset Ma ....