Wednesday Outlook: Bulls Storm In
July 8, 2008
David Fry (ETF Digest) submits:
Bulls, desperately seeking any good news, jumped on hopes for a mortgage relief bill from the senate, Bernanke’s willingness to open the Fed window to Wall Street banks through 2009 (both measures are a raid on your wallet) and another decline in oil prices. These combined with oversold conditions allowed bulls to storm markets late in the day.
Wednesday Outlook: Bulls Storm In
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