Based on the flat trading after 2 strong up days, I am expecting a gap up for Monday. We'll likely make marginal new highs for the year next week and then chop around and selloff after a few days.
The best explanation for the Friday rally is the bad jobs numbers gave a greater probability that the Bush tax cuts will be extended for everyone. Then we have Bernanke already thinking QE3.
The best explanation for the Friday rally is the bad jobs numbers gave a greater probability that the Bush tax cuts will be extended for everyone. Then we have Bernanke already thinking QE3.
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