Bulls managed to keep everything “contained” yesterday in the midst of lousy news. Oracle's (ORCL) miss on revenues may make bulls work harder, but they’ve managed to do it before. Thursday is GDP data: let’s see how they spin it.
Clearly, bulls and the vested interests [think fee and advertising revenues] want to put the best face on the quarter as possible. For bears this is a tough fight. There are only three trading days left and paint supplies are running low.
Have a pleasant day.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, RWM, IWM, PSQ, IEF, GLD, USO, UDN, FXE, EFA, EEM and FXI.
