Stocks just could not gain any traction today as oil continued its endless ascent, and nearly hit $120. Even energy stocks took a breather, and you would think that with $120 oil, the drilling stocks would be screaming.Given that last week was such a huge up week for the market, today’s selloff really wasn’t all that bad. The put/call ratios were low this morning, so I knew we might have a day like this. By the end of the day, the put/call climbed back to 1.06, so there is still anxiety.Short-interest on the NYSE came out and showed [...]
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[Source: The Money Blogs]
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