SPDR S&P 500 (SPY)

[montanamark]

foot where is that downtrend line for monday on your chart?
looks like 1470 or so. remember the surprising spike to C.
spx might be the one to watch cause i think they'll jam the
money center banks; short term they are getting funds at lower rates while cranking all their rates charged to customers; rates across the board are up - car loans, credit
cards, installment etc.; their business may slow down and they
may have some delinquencies but their margins may improve.
much of the general media using the same word - "bargin"
altho at this point i'm not sure the average small investor is listening anymore; last night @ the gas station I was watching newstv (yes, LOL each pump has a airport like HD tv
screen) and their explanation 4 last week (without mentioning fed intervention or credit issues) was that smart buyers
"swooped" in to snatch up bargins.