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Market recap: Stocks languished for much of the day but bounced back minutes before the close to...

Market recap: Stocks languished for much of the day but bounced back minutes before the close to finish near breakeven on a report that Antonis Samaras, head of Greece's top opposition party, apparently reversed his objection to the bailout deal. Consumer staples and health care led the charge, while financials were weak. NYSE decliners led advancers three to two.
Comments (4)
  • SA reader
    , contributor
    Comments (176) | Send Message
     
    So one comment from a flip-flopping politician moved markets like this? Not the terrible retail sales, not the -7% GDP growth in Greece today (almost double what was expected)? Not deepening recession in Europe? A guy who clearly wants the cash, so he can later turn around and cancel any cuts. No wonder fund managers can't beat the S&P.
    14 Feb 2012, 04:39 PM Reply Like
  • sr1977
    , contributor
    Comments (319) | Send Message
     
    Bullshittish indeed.
    14 Feb 2012, 06:38 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (781) | Send Message
     
    Tomorrow the Greek Assistant to the Under-Secretary of the Internal Ministry of the Economic Internal Controls Department will burp thereby sending the market into a tailspin.

     

    Sorry. Couldn't resist.
    14 Feb 2012, 08:28 PM Reply Like
  • Caladesi Kid
    , contributor
    Comments (186) | Send Message
     
    Investors have long ago stepped out of this market to watch the speculators and media leverage their hysteria to even greater heights.
    14 Feb 2012, 10:06 PM Reply Like
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