The markets today were marked by thin volume and largely artificial intra-day price movements. Traders were squaring off ahead of the three day weekend so there was a slight downward bias except in tech, which was cheered by the awarding of the Facebook IPO to the NASDAQ, and of course, perpetual Apple-mania.
Cautionary words about Europe and the upcoming earnings season had the markets on edge in the early morning, but they managed a bounce today after yesterday's sell off in the aftermath of the Fed's jawboning about its ongoing monetization, which in reality continues unabated.
Three day weekend for the Easter holiday.
See you Sunday evening.
