Monday, May 19, 2008

Into The Stretch: Stocks Resilient Again Despite Record Oil Prices

This market has shown amazing resilience in its ability to shake off declines this week, and continue to rise despite oil making record highs.The S&P has made up all of its earlier losses, and the Nazz is trying to make it 5 straight up days in a row. Oil and gold are still up, while the dollar is down. The 10-year yield has bounced some, and is currently 3.85%. The put/call ratio is around average at 0.91, and has been slightly low all week. This is one the the concerns I sighted [...]

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[Source: The Money Blogs]

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