Market recap: Stocks tried to find some stability after last week's losses, posting modest gains...


Market recap: Stocks tried to find some stability after last week's losses, posting modest gains as strength in the energy, materials and tech sectors overshadowed weak housing data. Gold recouped a bit of its losses, gaining 1.8% to settle at $1,421, while crude oil added 0.8% to $88.76. But copper fell again after Goldman cuts its forecast. Treasurys rose, sending 10-year yields down to 1.69%.
Comments (2)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Targeted short squeezes are the new game in town. Even Icahn plays it. Just look at $LULU. When Obama has the brains to ban HFTs, this market will be on its way to rational valuations. Until then.....
    22 Apr 2013, 04:27 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    The HFTs pay for their advantages. Targeted short squeezers also pay for their advantages. The exchanges pay (lobby) for the rule structure that won't ruin their business models.
    22 Apr 2013, 05:02 PM Reply Like
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