Apologies to any readers I have out there for my absence. My world series bound phillies took precedence over any reporting on the markets yesterday.
I will keep the morning report brief. Positive jobless report is outweighing the negative 3Q reports from Citigroup and Merrill at the moment, and the Dow is trading up about 50 points.
Crude is trading down another 2%, as recessionary pressures continue to weigh in. Despite this, energy and oil stocks are trading mostly higher in the first hour. Tech is also joining in on the early rally. I still see a 2% drop for the Dow at close today.
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