Cusick’s Corner 08-02-2012
The rhetoric continues and the initial market reaction has been negative. With no clear action coming from the Fed or the ECB, sellers have come in strong into the Midday. I am a little surprised that the bid has not scaled in at these levels but being patient is possibly the more prudent action. The Dollar strength, UUP, needs to abate before any meaningful buyers might potentially come in today. See you After Hours.
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