After the ECB, All Eyes on the Jobs Report
One down, one to go. Remember my theory of the Big Bad Events. People hold back buying ahead of Big Bad Events such as the European Central Bank announcement, to be sure there's no downside surprise. They don't fear missing an upside surprise, because the trigger-pull money remains bearish or on the sidelines.
They come in reluctantly after the news, when the news is in-line. Who knows how high this stock market would be if Draghi had cut rates in addition to the non-surprise of bond-buying?...208 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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