The market is seeing some profit taking after yesterday’s strong rally. The media is quick to point out the weak pending home sales report that came out this morning, but the homebuilder stocks are up, so that theory doesn’t hold much water.There was some deal activity today, as TD Financial Group (TD) is buying Commerce Bancorp (CBH) for $8.5 billion. This is helping push the financials and brokers higher.The dollar is also stronger this morning, which is accompanied by a bid drop in both oil and gold. The energy stocks are down acr[...]
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[Source: The Money Blogs]
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