The market is favoring Discretionary Stocks over Staples Stocks this morning, which is typically bullish for the market.
The Cumulative Daily VWAP is acting as a sell and buy point during intraday up and down moves.
Geithner is still talking about increased regulation. The one thing that they will not regulate, however, is the behind-the-scenes calls from politicians convincing investment bankers to invest money in risking investments to continue making money available to low income households that can not afford these risky loans. Unfortunately, that will continue, and we will see this problem again in the future.
Charles
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