The market was down pretty big midday, and with the weekend looming, it looked like it could get ugly. But a late day rally brought the market off of its lows. The S&P 500 finished down -0.84%, while the Nasdaq closed -0.36%. I suppose it could have been worse, given the poor jobs data.Investor anxiety was high all day. The ISEE closed at a terribly depressed level of 65, which is the equivalent of a put/call ratio of 1.53. That’s a lot of pessism. For those folks who have said that pessimism isn’t as high as previous[...]
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[Source: The Money Blogs]
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