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Stocks held near support on gap lower (SP500 held 1225) & had rebounded when Greenspan text was released. Greenspan overall upbeat but worried re hi oil prices & reiterated flat yield curve not due to prospects of weak economy. That pushed stocks right back down, but after initial jolt they are rebounding once more. NASD -0.5%, SP500 -0.2%, SP600 flat. Has held off initial downside salvo & now will have to set up over this support & attempt to set up a recovery thru the morning session. Oil 58.20, +0.74.
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