When I saw the high put/call ratios early this morning, I thought they might help the market rally during the day. That proved to be the case, as the big stock buyback from IBM helped ignite some buying interest.The market also shook off the negative economic data, including home prices. In fact, the homebuilders index was the biggest gainer on the day, +3.55%. Retail and semis were the next winners on the day, while financials lagged.MBIA had its AAA rating reaffirmed today, which also emboldened the bulls. This do[...]
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[Source: The Money Blogs]
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