We're Seeing More Than Complacency

It's not just complacency. It's an actual bid underneath. This market tried several times to take out the mid-morning low, and it just couldn't, despite some nasty declines in some high-profile anointed stocks. Google (GOOG), Netflix (NFLX) and Amazon (AMZN) all got hammered good. Meanwhile, the financials couldn't get out of their own way.

And yet the S&P 500 just wouldn't give up the ghost. Is that complacency? Or is that a sense that things are better than we think, as long as rates go down? You get rates back to 2.65% on the 10-year, and you seem almost guaranteed to get a rally....150 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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