Cusick’s Corner 03-20-2012
Weak longs were shaken out today, however the shorts could not gain any momentum and with the action in bonds and commodities, this makes sense. Right now many bears in bonds might be happy individuals with the long side down, 30yr -4% & 10yr -2%, and it appears that the money that is coming out of the bonds fed some of the support in the market that we saw today. The Financials, XLF, are upbeat today and this is a very important offensive sector in the driver’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards