spi got sold off, page-7

I can understand resource stocks are going up because of higher base metals price due to hedge funds and speculators buying in and escalate with miners on strike in South America etc.

But I can't understand why banks are going higher when bond yield is now roughlya round 12 months high. May be they're buying for the divvy and too much cash out there.

Well BHP & RIO were up over 3% each in London at the open and now only up around 2% but sycom is rather weak, low of 5226 and another unsual moves as they're normally up strong on sycom for the last few weeks.

Alcoa result should trigger a strong open for the Dow tonight but NWS trading today doesn't appear to be that bullish. Watch Dow at 11100 again tonight.