Just when we were getting used to 500 point intra-day ranges, we are back to the pre-credit crash markets. Ahhh those were the days – only a few short months but it feels like an eternity. I mean the WSJ journal headline this morning was “Lending Drops at Big Us Banks” – now that means we had a slow SLOW news weekend as this is not news by any stretch of the imagination.
But alas another example of how the markets never stop changing personalities. I mean they are a bit like a teenage girl deciding what to wear – an outfit here and an outfit there… never knowing which one to wear on any given day.
I gotta admit… I was kind of enjoying the drama… how about you?