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Stocks are rangebound but with some comfortable gains in election-day trading, helped along by...

Stocks are rangebound but with some comfortable gains in election-day trading, helped along by the weakened greenback. Gains are broad, but energy's up nearly 1.5%, with oil-related companies in heavy up volume: XOM +1.6%, CVX +1%, SLB +2.3%, BP +2%. Also in big movers: Toreador Resources (TRGL +7.5%) and W&T Offshore (WTI +18.3%). Crude +1.1% to $83.86.
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Comments (1)
  • anomaly1
    , contributor
    Comments (949) | Send Message
     
    Without the weakened dollar there would be no rebound in stock prices. Recent interest rate raises by Australia and China limit Bernanke's QE.

     

    The smart money has taken profits while the 'hold-only' mutual funds are stuck.
    2 Nov 2010, 01:24 PM Reply Like
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