Wednesday started strong and finished even stronger on higher volume leaving us with accumulation days on the NYSE and Nasdaq. Crude dropped 72 cents to close at $87.60 a barrel and gold pulled back to close down $3.90 at $803.70 an ounce. The gap and go day was given its boost off the private employment report provided by ADP in the pre market. This report was far better than expected and even though it is often wrong the optimism let the bulls enjoy the day. After hours news on some possible strategies for a resolution in the mortgage subprime concer[...]
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[Source: The Money Blogs]
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