Dip-Buyers Shy Away
The dip-buyers gave it a brief try, but it was too obvious of a play, and the news flow is just too problematic. The weak JPMorgan (JPM) report is an issue, but the chatter that downgrades of euro zone countries could occur at any time is the primary problem.
The market never likes uncertainty, and Standard & Poor's is creating a good amount of it with this vague talk. If we don't see the downgrades today, who will want to load up in front of a long weekend with the potential that we could see this news early next week?...127 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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