Bernanke Unlikely to Change the Pattern
They market continues its unidirectional action as we await the latest from Ben Bernanke. The bears are fervently hoping that there will be some mention that further quantitative easing will be unnecessary. Already we saw one quick spike in the dollar on that hope, but so far there is nothing concrete in that regard.
We have good breadth and Apple (AAPL) continues to act like the greatest stock in the world. There isn't anything negative about the action other than the fact that we just don't ever rest. Banks, steel and coal are all doing well, while precious metals put in an ugly reverse....111 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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