Monday, September 15, 2008

Unconvincing Bounce

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks recovered a bit of their previous day’s losses yesterday, but lighter turnover and choppy price action suggested participation by the "smart money" was absent. The Nasdaq Composite bounced 0.9%, the S&P 500 0.6%, and the Dow Jones Industrial Average 0.3%. Small and mid-caps advanced the most, but also fell the hardest on Tuesday. The small-cap Russell 2000 and S&P Midacp 400 indices posted matching gains of 1.4%. The main stock market indexes closed just below the middle of their i[...]

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[Source: The Money Blogs]

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