Friday, May 26, 2006

Heading Out For The Weekend

The market is pretty flat to up slightly so far this morning. The brokers are strong after a string of analyst upgrades. Biotechs are also continuing their bounce.

LVS won a bid for a Singapore resort, and the stock is spiking.

CROX raised guidance last night, and the stock was up huge after hours, but the enthusiasm has faded today.

Breadth is positive, and new highs have overtaken new lows on the Nasdaq. The 10-year yield is lower by 2 basis points to 5.05%.

I am leaving to jump on a plane to Cleveland. Keep the market strong for me, and I'll catch up after the close.


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