Thursday, September 06, 2007

Quick Note re: Twitter and Market Notes

Twitter has been down this AM; I'll resume comments later in the day, assuming it's up. We continue to see support at the 1470 area in ES futures. ECB kept rates unchanged; there's continued credit concerns and risk aversion. 10 yr yield is 4.484%, off the AM lows of 4.463%. Yen has retreated from its test of yesterday's highs. ISM non-manufacturing at 9:00 AM CT. EuroStoxx futures down slightly; ES futures now up 2.25 points after testing the 1470 support area. I continue to watch the financial stocks, yields, and Yen for indications of risk-assumption vs. aversion.