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Market recap: Stocks advanced following talk of additional central bank stimulus from Japan,...

Market recap: Stocks advanced following talk of additional central bank stimulus from Japan, positive economic reports (I, II) and potential progress over the debt ceiling. Most S&P sectors gained, but banks lagged after BofA and Citigroup issued disappointing quarterly reports (I, II). Crude oil rose 1.3% to four-month highs amid the hostage crisis at an Algerian oil field.
Comments (4)
  • sheeple2012
    , contributor
    Comments (203) | Send Message
    positive economic reports? Philly fed was terrible, housing starts inflated 103k by seasonal adjustment shenanigans (?) and weekly claims # has been random and meaningless noise for last several weeks... lol
    17 Jan 2013, 04:26 PM Reply Like
  • bbro
    , contributor
    Comments (9834) | Send Message
    I saw many a trader over my years end their career over the idea they
    couldn't possibly be wrong...
    17 Jan 2013, 04:38 PM Reply Like
  • Michael2343
    , contributor
    Comments (457) | Send Message
    I can't think of a reason any investor is putting money in the stocks besides Fed buying programs : funding the housing industry, funding the federal government, the consumer's income, retiree income, government salaries. At this level of dependency on money creation there is no possible way the nation's deficit can be reduced. The Fed is foolish for favoring the appreciation of paper assets versus putting value on work, industry, services, innovation.
    17 Jan 2013, 05:01 PM Reply Like
  • Bill L.
    , contributor
    Comments (682) | Send Message
    Today's Short Term Technical Update:


    -Bill L.
    17 Jan 2013, 10:39 PM Reply Like
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