Caught by Surprise

Many market players were caught by surprise as the indices continued their relentless rise. Major earnings reports were mixed, Ben Bernanke had nothing new to say and the bears were more optimistic after the dip Tuesday, but the buyers just kept coming. It is the lack of bad news rather than a supply of good news that seems to be driving the action.

Breadth approached 2:1 positive and the financial sector led the way as interest rates perked up again. There was general all-around strength and not that many pockets of extremely strong momentum....1242 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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