About 400 million shares were traded on the NYSE today as the adults took a holiday from the bond market and the kids came in to trade equities.
Nothing done really. Earnings kick off this week. Widespread concerns about slowing growth. The pigmen are rampant.
Facebook was cut to sell today by an analyst who had concerns about their ability to grow future revenues. Is the Facebook IPO some sort of watershed event? We will not know for a few years, but Benny will almost certainly to do his best to keep the party going.