The markets staged a nice turnaround yesterday, and are following through with a bounce in early trading today. The question I am wondering is, was yesterday’s bottom the low for the rest of the year? Meaning, is the market set for a Santa Claus rally now? I think so.Morgan Stanley (MS) reported much worse earnings than expected this morning, due to a bigger writedown of bad mortgage loans. But the stock is actually higher, which is more important. The company also got a $5 billion investment from China Investment Corp, which should help its capital situation.[...]
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[Source: The Money Blogs]
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