I think yesterday’s selloff was part options expiration, part the drop in the dollar, and part concern over whether the bailout plan will be quickly passed, and if any of the details will change. Last week’s market lows were pretty climactic, and I think that they will mark the lows for this year.The market is bouncing in early trading, while most eyes are watching the Senate Banking Committee hearing where key officials are giving their testimony on the proposed plan. The media is calling this a Wall St. bailout plan, but I think that is putting a negative conno[...]
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[Source: The Money Blogs]
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