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A nice roller-coaster ride was the order of the day on Thursday, as market after market dipped below psychological levels only to bounce in the afternoon hours. Don't ask why. Just go along with the flow. Way back in early 2003, we saw the Dow at just under 8,000. We saw it there again, today. But, could it close at near 8,700 anyway? Could it add 587 points on a day when there was first a total eclipse in the making? Sure it could. After all, jobless claims hit a seven-year high, GM is convulsing in the ICU, US foreign trade declined sharply, and the federal deficit soared to $237 billion. Good reasons to run out and buy some crude oil, (itself having tapped a 22-month low of $54.67), stocks, and gold (which dipped to $698.50 during the day), right?
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