The market is getting a big boost in early trading, although you know I hate to see too much strength early in the session. Too often lately we have seen rallies fade by the end of the day and close near their lows. Let’s hope we buck the trend today.Last night, Fannie Mae (FNM) cut its dividend. Last week, when Freddie (FRE) did that, it took the whole market lower. But today it appears priced in. Also, positive comments out of AIG that its losses are minimal could be bolstering the financial sector.The ADP report[...]
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[Source: The Money Blogs]
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