Toddo on TV: Financials in Drag
Markets, movers and more.
Now watch this! Toddo's eyeing the Amex Pharma Index (DRU) with its bullish cup and handle formation, the S&P at a breakout 1260 and a still-quite-low CBOE Volatility Index (VXO).
That smoke you smell? Yeah, that's the friction between opinions. Tension is running high and the (unconfirmed) chatter this morning that $1 billion in IndyMac Bank deposits are uninsured, and that Washington Mutual (WM) and Wells Fargo (WFC) aren't accepting checks drawn from its accounts, isn't helping. Toddo adds some color.
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