Thursday, March 10, 2011
Buying Opportunity?
Peter Costa of CNBC says today is a buying opportunity. Another analyst on CNBC came out with the same argument. The lower oil price has lured in the retail buyers today who are salivating at a down day in equities with lower oil. I am not constructive on the upside for the rest of the day. It looks like traders are a bit too eager here to buy the dip and there is little fear out there.
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