To no surprise, Ben Bernanke said nothing of a stimulus package yesterday. Spain is undergoing a mini-crash, and several of the big name companies are falling short of their bullish expectations. These bearish subtleties are clearly being hid from the market averages.
We’ve had a lot of news to digest this week and it has amounted to a sideways choppy market that whipsaws investors to death. Today- initial jobless claims were reported lower than expected, and just mentioned in the after hours, Spain’s credit rating was downgraded to BBB+.
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