Flip a Coin

Friday's action was a poor setup for sustained upside to start this week. Obviously, market players were feeling optimistic about the potential news flow this week and probably chased things a bit too much. They are having second thought this morning, and I'm seeing comments about how the macro situation simply doesn't justify much upside.

I don't know about that, but I am very concerned that Fed chief Ben Bernanke may disappoint the market when he speaks before Congress this week. The conditions are not right for him to make a major announcement about quantitative easing, and I expect him to repeat that the Fed is ready to act as needed....171 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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