State of the Union - Apple - FOMC - All Should Be Bullish. One More Push Higher.
The market has started the year off on a positive note. It has not had a down day is January 13th and there have only been two down days all year. Yesterday, stocks looked tired and the trading range was very narrow. Overnight, the flash PMI for Europe came in at 50.4 and that was much better than expected. It is back above the expansion level. The news is good, but I would not get too excited about one data point. Months of economic releases point to a recession in Europe. Greece has still not reached an agreement with private investors. …
January 24, 2012
• Posted in: Options
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