Thursday markets started weak until “someone” sensed an opportunity to push things higher with some strategic buy programs. There wasn’t much in the way of news to account for it since most news regarding Greece wasn’t well received given scant details.
Jobless Claims were better than expected (lower) but those were announced well before the market opened and some negative adjustments were made that typically go unnoticed. Further, Chinese inflation data was also better than expected indicating the government may ease up on tightening measures.
Earnings news was good overall and analysts were busy with company upgrades like MMM and PALM. The latter was raised to “hold” vs “sell” whatever that means....READ MORE!
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