(As of 7:15 am PST)
Markets couldn’t be more flat
today as investors digest yesterday’s historic market rise. Gold, oil and all domestic indexes are near
flat line. The consumer confidence
report was slightly lower but solid. Big
banks Wells Fargo and JP Morgan announced earnings that beat expectations. It
is possible that investors will take some money off the table in a profit
taking mode and that we may give back a part of yesterday’s rally. But there is no doubt that positive momentum
is strong as a result of Ben Bernanke’s assuring comments on Wednesday
afternoon.
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