A Lack Of Buyers and Profit Taking Will Lead To Choppy Trading This Week!
Last week, the market showed signs of tiring. There were many positive developments and prices were not able to move higher. Early last week, the reappointment of Ben Bernanke should have sparked a rally. He has guided us through the most difficult period since the Great Depression. Analysts and politicians have confidence in him and he has proven himself. A change at this fragile stage would have wreaked havoc. New home sales came in better than expected, durable goods orders (helped by commercial aircraft orders) came in much better than predicted and Q2 GDP was unchanged when a decline was forecasted …
August 31, 2009
• Posted in: Options
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