There’s an old Wall Street maxim that the so-called dumb money trades early and the smart...
There’s an old Wall Street maxim that the so-called dumb money trades early and the smart money comes in later. Trading by that phrase would have made you a bit of money this week, as equity markets have continually fought back from heavy morning losses over the European mess to close well off their lows. Traders note the three-straight turnarounds for the market are a bullish sign, as big institutions tend to dominate trading activity later in the day.
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