Tough Luck for Faders
Although there are plenty of questions about whether the gap up this morning is justified, the faders are having no luck fighting it so far. The basis for the strength is that ECB chief Mario Draghi was misunderstood and unemployment isn't as bad as some may think. There is no worry right now that further quantitative easing may be forestalled, but if the market dips, you can bet we will see that as the explanation why.
As has been the case so often in this market, if you weren't positioned correctly overnight, you miss the bulk of the move. Gambling on news events is the only way to assure market exposure....129 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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