TALKED OFF THE LEDGE
The headline: Dow Finishes Flat After Late Turnaround Erases 340-Point Loss; S&P 500 Reverses Course Right After 1-Month Loss Reaches 10% ‘Correction’ Threshold
Bear Stearns (BSC) led the charge higher and brought the rest of the group with it, Pete Najarian says. It is notable that the Financial Select Sector SPDR (XLF) was much higher than it was just two days ago, he adds.
Eric Bolling agrees. “Keep your eye on the XLF,” he says.
Guy Adami thinks the next 500 points in the Dow will be to the upside.