Wednesday, May 26, 2010
Dow Below 10K
AHHH! It wasn't but a month ago that we had finally reached above 11000. Ah happy days have come and gone. We haven't closed below 10K since February and today it happened. There was an initial rally at the beginning of the day when the market received the best new home sales report since 2008. The damn euro is what drug us down. Apparently China freaked everyone out when they said that they would be reevaluating their euro bond holdings what with the every growing Greek deficits. Come on!
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