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Stocks rise on hopes for European banks

In the article on Yahoo.com “Stocks rise on hopes for European banks” I have found a following comment from a user named Kristen:

Last night, John Moulton, in an interview on the news said that the EU has no real plan to shore up the debt crisis & in essence, US traders will believe what they want. Also on the hiring side for the service sector hiring is increasing in some areas to get ready for the holidays – by January they will be right back in line like everyone else. Short term fixes in hiring & throwing good money to fix problems for the short term will only leave us like John Mouton said worse off later on. Somewhere, there is going to be a fall.

Well, what else to say? 100% true.
From the technical perspective, the market (SPY) was oversold and needed a correction, however, it still is a bearish correction on the way down.

Happy Trading!

7 responses to “Stocks rise on hopes for European banks”

  1. Horton says:

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  2. Lily says:

    Do you think are we seeing new bullish trend already?

  3. Colin says:

    Stock market? I am new to it and have some small savings around $1000, can you help me invest it?

  4. Dora says:

    Attractive stock market insight. I simply stumbled upon your weblog and I in fact enjoyed your blog posts. Anyway I’ll be subscribing for your RSS.

  5. Cave says:

    That’s nice, stocks are raising on European banks so they can fall “on the same Eropean banks”. Ain’t that funny?

  6. Ron says:

    Expect Germany to be the first country to leave the economic union.
    I think they are getting tired of supporting a bunch of slackers.

  7. Harry says:

    Which bank blows up first?

    A. Dexia
    B. Societe Generale
    C. Bank of America
    D. The West Bank

    Sarkozy and Merkel look like Geithner and Christine Romer – and we all know how well that worked.

  8. so much good information on here, : D.

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