Great Morning! Stock markets remain on a roller-coaster ride. Up one day, down the next. Down big in the morning session, complete reversal upside in the afternoon to erase morning’s drop, significant selloff in the final minutes to end the day. That’s the type of price action investors / traders have dealt with since mid-July when all-time highs peaked and folded. Several months of upside gain was erased in a couple of weeks. The Fed’s collossal infusion of short-term liquidity coupled with a faux interest rate cut parked a (temporary) floor beneath recent lows.
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[Source: The Money Blogs]
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