Monday, August 23, 2010
Phil Flynn: All The News That Did Not Happen
As more questions arise about the strength of the economy, the weight upon the market is getting larger. It is getting harder to justify long positions especially as the economic recovery is locked in a quagmire. Weak jobs data and manifesting data and a sense that the economy is going nowhere really is making the market look heavier and heavier with each passing day. In fact even in China crude inventories are rising. Dow Jones reported that China's commercial crude oil stockpiles.....Read the entire article.
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