Hot New Issues Course Through the Market
Amid much skepticism about the health of the U.S. economy, the major averages broke out to the upside last week in heavy volume. Some called it more short-covering, but I don't agree with that. It was fresh money coming in from the sidelines, ready to move out of bonds and into stocks.
Buyers have the upper hand, and they'll mostly likely maintain that edge for the next few days. There's not much of a chance the bears will take meaningful short positions ahead of the two-day Federal Reserve meeting set for Sept. 12-13....455 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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