a little confidence returns to the market

By , 21 January, 2009, No Comment

ESH9

What a pleasant and profitable day to trade. It was if the market was almost normal again, especially the nice steady move we had this afternoon to the upside. The general consensus was the “Obama” effect and some decent news from some of the financials like Northern Trust. Of course, the market has a very short memory as it seems to have decided that Citicorp and Bank of America are of little consequence at this point. It’s a fickle thing this market.
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