Quote:
Originally Posted by itsmeeeeeee
http://news.yahoo.com/
from tonight's yahoo news - AP business section:
* Stocks mostly higher after seesaw day AP - 1 hour, 48 minutes ago
* Fed predicts slower growth, more jobless AP - 2 hours, 33 minutes ago
* Freddie Mac loses $2B, seeks new capital AP - Tue Nov 20, 4:14 PM ET
* Single-family construction falls AP - 1 hour, 24 minutes ago
* Oil futures jump on dollar, Fed forecast AP - Tue Nov 20, 4:00 PM ET
(...talk about irrational exuberance, eh?!)
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All the major market indices in both the U.S. and Canada have pulled back to their April levels. Most of that correction has taken place just within the last month. I wouldn't interpret one volatile day that happened to finish on the upside as a positive market reaction.