Monday, September 20, 2010

 DJIA
open 10,608.08
close 10,753.62 up 145.77
day high 10,774.13
day low 10,608.08
today's volume 157,124,719
3mo avg. daily volume 197,670,369
DJTA
open 4,434.33
close 4,475.12 up 41.46
day high 4,495.93
day low 4,434.33
today's volume 12,703,521
3mo avg. daily volume 17,454,598
Dollar for dollar another large single day rise and an over 90% up day today on about the lowest volume I've seen in a long time.  Jockeying for position before the FOMC communique tomorrow, and after these moves, if I were a betting man I'd place the money on tomorrow finishing on the down side, although moderately, as the Fed can't have things look ugly no matter what they announce.  If things are too bad, assume the Presidential Rose Garden get's some use.

First there was Ayn Rand and Greenspan's "Gold and Economic Freedom" article.  Then there was 30 years of, well, who knows what the guys was thinking... but here he is again, freshly quoted from last week and all the reason in the world.  Even the masters of the universe can't argue with this...

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