A late-day bounce took us off the lows but it was weaker than the normal straight up bounce. Economic weakening in Europe and rise in Spanish bond yields were used as excuses for selling. Throw in SNDK’s warning last night and Moody’s downgrade of GE, the bulls were looking at a long day. The negatives seemed to matter a bit more today and market characteristics maybe slowing changing. Tomorrow is the day before Good Friday and has a tendency to gap up and close green, but the jobs number release on Friday when the market is closed may put a lid on aggressive buying.
ETFs