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Posts Tagged With 'Euro-zone debt'

Posted by Martin October 05, 2011

SPY rised almost 2% on hopes for rescue of European banks

The market (SPY) rised on hopes and wishful thinking today on mediocre volume. Nothing exciting today. “The market is trading on sentiment right now, not fundamentals,” said Rob Stein, head of Astor Asset Management. “People are hoping that the bounce yesterday means that we’ve hit a bottom, but the problems that were in the economy Continue reading →