Market Recap: Thursday Snapback

[youtube=http://www.youtube.com/watch?v=VEOV5vWfSgI]

The Reformed Broker, AKA King of the Delta Blues, here with today’s Market Recap…

The insurance names are being watched for signs of market stability (or instability).  These are the new “tells”…at least for now. 

Yesterday the insurance sector looked apocalyptic, today, they were jiggy from the open.

Here’s the 3 o’clock look at the group:

Industry Top Performers
Intraday Price Performance% ChangeMarket Cap
GENWORTH FINANCIAL [GNW]+21.93% $1.8 B
LINCOLN NATL CP [LNC]+13.45% $3.7 B
FBL FINANCIAL GROUP [FFG]+11.06% $181.3 M
ASSURED GUARANTY LTD [AGO]+9.37% $1.1 B
PRUDENTIAL PLC SC [PUK]+9.31% $30.6 B

The Dow is holding most of the day’s gains headed into the last half hour of trading, looking up 50-ish as of this post.

In the meantime, I thought I’d make a comment about rock songs that start off with flute solos.  As evidenced in the above video, rock songs that begin with flutes are phenomenal.  Not all of them, but most…I’m sure the Jethro Tull catalog has some stinkers, but the Marshall Tucker Band‘s Can’t You See is 9 types of awesome, thanks in no small part to that enormous friggin’ flute they bust out on stage.

Thanks for reading today, tomorrow will be a light posting day as I’ll be headed out to Los Angeles.

Full Disclosure: I have no positions in any of the stocks mentioned.  My commentary here is strictly a recap of events and not an invitation to buy or sell any securities.  See my Terms & Conditions page for a full disclaimer.