Filed under: After the bell, Yahoo! (YHOO), Amgen Inc (AMGN), Commodities, Oil, S and P 500
If you wanted two situations to describe today’s rally, first you can thank S&P and second you can thank Barney Frank. S&P and Moody’s have had the markets by the you-know-whats, but today they issued a report calling “the end in sight” on write downs.
Congressman Barney Frank was out calling for the FHA to get involved as a mortgage backstop to help one or two million mortgage holders. It is pretty impressive that the market rallied when we simultaneously saw gold hit $1,000/ounce and oil hit $110/barrel. Below are the unofficial closing levels for the markets.
- DJIA 12,145.74 (+35.50; +0.29%)
- S&P500 1,315.48 (+6.71; +0.51%)
- NASDAQ 2,263.61 (+19.74; +0.88%)
- 10 Yr T-Bond 3.534% (+0.051%)
- 52-week stand-out stocks
Continue reading Closing Bell: Frankly S&P……
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