10 Jan 2009

Failed Replay

Equities tried to make a replay today of the NFP day in December, but it failed a few hours before close among other issues in with the news of Robert Rubin (finally?) leaving Citigroup



I guess a lot of investors was looking for a little more clear direction from the price action after yesterdays number, but it seems like we will have to wait now for the Obama inauguration trade in little mer than a week at least it would almost coincide when the 1930 or 2002/2003 scenario went in opposite direction as illustrated below.


1930 Look-Alike:



2002/2003 Look Alike:


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