Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Wednesday, February 9, 2011
Market Exhaustion
The market is reaching exhaustion levels, this combined with my (and I am sure the fed's) concern over long term interest rates, bring doubt to market advance.
About 40 minutes ago the DOW hit 12,251. Let's see by Friday where we are. I am thinking we may have seen a near term market top, until the Fed triples down with QE 3.
But then again, I wouldn't be surprised if we hit DOW 12,300 by 4pm today! :)
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