Thursday, February 09, 2006

Afternoon Swoon

The market started strong out of the gate this morning, but you know how I worry about too much, too soon when we get early morning pops like that.

The market is rolling over this afternoon. Market leaders like GOOG, AAPL, SNDK, and CME are all trading in the red. WFMI is down nearly $6 after it's earnings report. QSII is down quite a bit also.

The Fed's Moskow made some hawkish remarks about inflation today, which didn't help things. And the 10-year yield is sharply lower at 4.53%. Flat city on the yield curve.

Let's see how the market holds up in the final hour.

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