Three days before Christmas and the volume is light
Exxon Mobile(NYSE:XOM), the Spyders(NYSEArca:SPY), and Apple(NasdaqGS:AAPL) are doing all right.
While gold(NYSEArca: GLD), and oil(NYSEArca: USO) have caught a small bid
however, for them to move higher the dollar must have had an intra-day skid.
Goldman Sachs(NYSE: GS) is trading down less than a buck
with $20 billion in bonuses do they really need luck.
Other banks are basically flat on the day
why should they be down they took ‘mark to market’ away
Remember toxic assets are a thing of the past
Where did they go? Did they just vanish like gas?
What does it matter the market is higher.
Stocks like Dollar Thrifty Automotive(NYSE: DTG) are now a high flier
I remember in March when it was under a buck
Now it is $27.00 this isn’t just luck
Wall Street is fine for all to see
we must thank the ‘Man of the Year’ Ben Bernanke.
He followed his predecessor Alan Greenspan
by lowering rates throughout the land
We all know this was the cause for the ‘Great Bubble’
One can only wonder will this one be double.
Happy Holidays