Written by d_walter on February 9, 2010 – 11:34
Correction may be over, but caution is still warranted. This could be a one day fakeout. Bernanke is speaking tomorrow and that could be a negative for the markets. Upside momentum is strong today some of it due to the shorts getting squeezed and having to cover their positions with the news about Greece. As I write, the DOW is up 210 and we certainly have the possibility of a 300 point day today.
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