Friday, November 12, 2010

Wild Week

A lot of bombs dropped this week on Wall Street and we can begin by just digging in.

Boeing suffered a big problem with its brand new product and tanked
Apple broke its trendline
Gold and Silver bonked big time
Oil had a fake trading range breakout
Cisco kid was NOT a friend of mine (name that group) but Juniper (direct competitor) sure did like it.
Bonds of several ilks broke down 
And, of course, China, which was to blame for only the oil slick above

On the plus side, the PIIGS were flying on Friday as the EU backstopped them.

1 comment:

Quick Takes Pro said...

Really? Nobody got that pop culture reference?

Cisco Kid (was a friend of mine)
- War (1973)