Wednesday, January 23, 2008

Stocks recover a little

Stocks recovered a little. Going into the close, Dow is up 81, yes I said up, and NAZ recovered to be down only 9. Advancers are just ahead of decliners. Buyers came back, but maybe they're only buying to cover short sales. The VIX is 31 (had been as high as 34) which is still extremely high territory. The Treasury bond yield is down to 3.42%, one of the few winners today. Into the close anything is possible.

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