T/A ETF AND INDEX

[capt_jmj]

Perhaps, perhaps not. Maybe it was just a day of consolidation after the bonzer Thu, but it closed back within spitting distance of the previous high. However, with the gas price gouging in the wake of Ike, it is hard to know how the market will read it. Even though the damage in the Galveston area was severe, it seems most of the oil and refinery facilities suffered minimal damage.

We got some southwesterly flow associated with the hurricane starting this AM and had to bring the boat in with ~ 20 knots of wind, so I missed whatever may have happened with Lehman. That could also affect which way the market goes in the early trading tomorrow. Remember, I said barring any exogenous events...