The market is bouncing at the open, but these days its how the market closes that matters. Late day selloffs have been brutal. Yesterday, the market looked like it was coming back around midday, but by the close that rally was just a mirage.The S&P 500 is +2.04% right now, after news that the Fed had indeed coordinated a global liquidity injection. The Fed, the ECB, Bank of England, Bank of Japan, and the Swiss Natl. Bank together injected $180 billion into money markets to keep fearful banks from hoarding cash.If you don’t think there was an[...]
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[Source: The Money Blogs]
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