Two Points of Interest
1. Insurers have been getting sold all day, after gapping higher on news of TARP eligibility. They’ve just taken another leg down in the last half hour, which will make a late day recovery more difficult.
2. Retailers are up big ahead of March same store sales data to be released after the close and before Thursday’s open. This type of positive action into the data usually triggers a sell-the-news trade.
April 8, 2009
• Posted in: Market Day
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