The market broke to the down side from yesterday's NR7 day. It wobbled most of the morning staying below S1. As the Europeans finished their trading for the day, the market broke down below the morning's range, and found support at S3.
Cantor Fitzgerald's CEO Howard Lutnick said an intertesting thing in his interview with Piers Morgan last night. He said that people like Warren Buffet should use their business intelligence and money not to make the government richer or to destroy jobs through acquisitions, but to go out and create jobs. What an interesting concept for America! Where is Henry Ford when we need him?
Charles
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