Nice finish to the market today. This morning, when the market was down -300 points, I pinged a trading buddy of mine and asked him if anyone thought that the market could actually finish higher today. He laughed. But the market soon began to trade higher, as it looked like the sellers had finally exhausted themselves. The financials had been higher all day, and more stocks began to participate. When the news came out that some NY regulators were looking to provide aid to the ailing mortgage insurers, the market took off. By the time the closing bell rang, [...]
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[Source: The Money Blogs]
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