When the Joker is in the deck.. fear not and play it well
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The ‘Bernanke Bounce’ Didn’t Last Long
The stock market surge on Monday seems like ages ago. U.S. stocks are stumbling today, with major indexes on pace for the fifth decline in seven days. A downbeat durable goods report and weakness in overseas markets are the catalysts for today’s downdraft. Perhaps this is the long-awaited correction many analysts and investors have been calling for. When stocks dropped three days in a row last week, it looked like fatigue was finally setting in after such a sharp run-up over the last six months. But Monday’s surge, fueled by Fed Chairman Ben Bernanke’s dovish comments, wiped away last week’s losses and sent ... (full story)
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When the Joker is in the deck.. fear not and play it well
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