Thursday Outlook: Bulls Lose Momentum
Once the government’s paramedics [Fed/Treasury/Congress] started down the path of trying to manage the markets and bailout their incompetent and greedy banker patients there was no turning back--and, there’s not a move they won’t make to move their pals out of the ICU.
So was Tuesday a one day wonder? This is truly hard to know, but news from energy, currency, metals and bond markets stole momentum from bulls.
Volume was moderate to high; breadth was decidedly negative while remedial math at Yahoo/Finance is still a work in progress.
Let’s get to the real news today and that, as noted
above, was led by currency, energy, metals and bonds.

Go to 'Thursday Outook: Metals, Commodities, International' >>
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This article has 5 comments:
t.com
Excellent commentary as usual. Keep up the good work.
Kevin Kennedy
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