We hope you enjoyed your labor day weekend, and we hope we could welcome you back with a more positive first half hour of trading, but it's not too bad. Currently we're down just over an eighth to 100-25.
We are EXTREMELY carefully watching this 100-25 level, and we'll show you why with this morning's post. Whatever the case, no reason to panic, and as always, if there is, we'll let you know. We may have to endure a "sugar high" in stocks today as oil has "decided to end it all" and negotiators attempts to "talk it down" failed as the troubled commodity took the leap and has not only hit the ground, but has fallen UNDER 110 / barrel, which has been a major resistance level for technical analysts.
That, in conjunction with positive financials today, led by Lehman, is at least for the first few hours, going to hit equities like a sextuple double pump, venti latte. I've never had one, but a friend of mine told me about it once...