Jan
2
Today’s Action, from Victor Niederhoffer
January 2, 2008 |
Today's action recapped many themes of recent days with the manufacturing index for one month swaying the results, the fight at S&P 1450 that Mr. Sogi has emphasized, the fall below the Dow round of 14000, and the bonds way up with stocks down, and the first day of the month losing its verisimilitude, oil hitting $100, and this being the first down open at the beginning of the year since 1994, among other things. In general, a totally beautiful day to get one off on the wrong foot.
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