The Bears Get Run Over
The action today felt like a large number of market players were caught leaning the wrong way. Given that Europe was weak, the economic reports not so great and Apple (AAPL) failed to follow through, some profit-taking after yesterday's bounce seemed logical. Instead, market players focused on Fed chief Ben Bernanke's comments that quantitative easing was not off the table and on some very good earnings reports.
We had more big earnings movers today than any other day so far this season, and it didn't look like folks were particularly well prepared. Earnings season has been pretty good as far as the numbers, but the reactions have been mixed. We had the best reactions of the season and that forced some chasing....147 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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