I am still on alert for a larger pullback in the market. The larger picture suggests the SPX will li...
Euro rumors get less concrete
02/09/2010 1:00 pm EST
I’d like to note that this story and stories from an hour ago, which reported a decision in principle by European governments to help Greece and about the German government preparing a plan to help Greece, are not in fact necessarily contradictory.
The most likely explanation is that plans are under discussion but no decision has been made on the specifics of any bailout plan.
Do I need to say that the Reuters story sent stocks into reverse?
Stay tuned. Aren’t rumors wonderful?
Related Articles on STOCKS
Annaly Capital Management (NLY) is worth a close look right here. The company is the largest mortgag...
Richard Moroney selects stocks in part by a quantitative ranking system called Quadrix, which rates ...