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Market recap: Stocks snapped back sharply from lows after France's Hollande and Italy's Monti...

Market recap: Stocks snapped back sharply from lows after France's Hollande and Italy's Monti voiced support for euro bonds and the Fed's Kocherlakota said a fall off the fiscal cliff would argue for new QE. But the move could just as easily be explained by short covering after a period of weakness. Crude oil ended below $90 for the first time since October. NYSE gainers beat losers seven to six.
Comments (3)
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    No, the reason is the FED and the PPT are in buying at or just above all the 200 DMA on the indexes. Thanks to Barry (O) and Ben we keep propping up a weak market and kicking the can down the road until after the election. Either way barry wins! MArkets tank after he losed or wins.
    23 May 2012, 04:18 PM Reply Like
  • That_Guy
    , contributor
    Comments (74) | Send Message
     
    no news...bad news.... last minute rally.....rigged.
    23 May 2012, 04:24 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Fake since 2008... What's next - Benrnake showing up with a rug on his head?
    23 May 2012, 06:45 PM Reply Like
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