Wednesday, March 26, 2008

Consumer Confidence Hits Lowest Level Since 1973

The market fared very well today, imo. After yesterday’s outsized rally, I would not have been surprised to see some minor profit taking. But instead, investors used the brief dips today to put more money to work, yours truly included.Biotechs were the strongest group today (+1.34%), while retailers were the biggest laggard (-1.08%). The Nasdaq outperformed the S&P, while the Dow was slightly lower.Oil also rebounded from its declines this morning, and finished slightly higher at $101.54. Boone Picke[...]

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[Source: The Money Blogs]

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