Saved Before the Bell
It's nice to see a late recovery after a very ugly day, but it feels awfully manipulated when it comes 15 minutes before the close on a story in the Wall Street Journal about potential QE3. Is it just a coincidence that this story happens to come out as the market is stumbling to the worst close in a while?
Interestingly, the late bounce was enough to move the S&P 500 back up over the key 50-day simple moving average at 1333, which was breached earlier. That provides some hope, but it is not a firm foundation....157 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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