by Rev Shark
After three negative days in a row this week, the market was probably oversold enough for some sort of recovery, but almost everyone was surprised at how strong a bounce we had today. We had slightly better-than-expected durable goods data, and new home sales were okay, but it seemed to be primarily a bullish hedge-fund manager on CNBC that really stirred up a buying frenzy. Maybe I shouldn't use the word 'frenzy', as volume was surprisingly tepid for such a big day, but breadth was solid, at over four-to-one positive, the point gains were substantial, and there was strength across the board in all major sectors. The Nasdaq 100 continues to lead, as big-cap technology stocks are being chased straight up on top of an already tremendous move. I've already mentioned Amazon, but there are dozens of others, like Priceline, Chipotle, Apple, Google, Baidu (BIDU), IBM,...
发表于 2010-9-24 16:33
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