As I have mentioned before, the most notable characteristic of the market action so far in 2012 is the tenacious underlying support. The bears simply can't gain any downside traction. They had minor success Thursday when the market trended down most of the day, but the dip buyers are very active today and aren't allowing much slippage.
Even though the indices aren't doing anything, there are some pockets of good trading action. We aren't seeing the highly correlated action that plagued us last year. There is also good stock picking, and that helps the mood and keeps the dip-buyers interested....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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