Thursday, August 25, 2011

Traders sell into open.....

Not much going on here, but after opening up nearly 100 points the Dow is now down 142.

Two biggest stories: 

Bank of America stock is now up only 87 cents after opening 1.50 higher on the Buffett news.

Apple has been down 6 points most of the morning as traders bought that following the 20 point loss in the aftermarket last night.  A great example of why trading in the post market should be avoided.

Gold bounced off of the 1700 level this morning and is now back to 1725.  That is still down $55 an ounce from yesterday's close.

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