Thursday rallied back from the dead, changing the tone on the market. The nice green close was on higher volume than we had yesterday to leave an accumulation day. We started our day hearing that Carlyle Group fund might collapse, then a weak opening came in. It wasnt until we heard Standard & Poor release a statement saying the worst of the bank write downs on bad home loans might be behind us. Now with default rates still climbing and foreclosures still climbing Id have to question how theyve come to that conclusion. So time will tell on that and Id lik[...]
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[Source: The Money Blogs]
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