Minyanville's T3 Daily Recap: Four Consecutive Days of 400+ Point Dow Moves for First Time Ever

By T3Live.com  AUG 11, 2011 4:50 PM

US markets closed sharply higher Thursday, continuing what has been a dizzying roller coaster ride for the markets over the past two weeks

 


US markets closed sharply higher Thursday, continuing what has been a dizzying roller coaster ride for the markets over the past two weeks. The Dow has now moved 400+ points in four consecutive days for the first time in history. Is that due to an unprecedented turning point in the world economy or the emergence of high frequency trading bots? Probably a little bit of both.

Stocks actually pulled in sharply into the close to prevent what looked like a 550 point gainer in the Dow, but several leading stocks still made tremendous moves. High beta tech performed well. Mastercard (MA) looks to have a very bullish set-up, gaining 7.8% today and sitting just a stone's throw away from highs despite the weak market. CF Industries Holdings, Inc. (CF) actually broke out to new highs after a bullish crop report this morning.

For more watch the T3Live.com Daily Recap with Marc Sperling.



Marc Sperling is long GOOG, BAC