Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BULLS SAVE THE DAY SORT OF

December 09, 2009



 

With volume and news light it didn’t take much for the 2:15 Buy Program Express to leave the station nearly on time today.  Markets moved higher early on lighter than expected oil inventories which boosted prices initially.  However, later oil prices fell sharply and markets rose.  The Treasury auction was poorly received but the dollar declined once again.  Treasury Secretary Geithner wants to extend TARP just as some banks are paying their loans which make you wonder if this is some kind of revolving credit line.  Things got more confusing when headlines like those below came close together with the opposite message.

 
READ MORE