The Dow dropped as much as 167 points before recovering in a late-day rally to close up 10 points. Nice large bottoming candlestick to encourage the bulls and force the shorts to cover. Definitely a wash out of selling in some key names: AAPL, GS.
Consumer credit falls again for the 11th consecutive month as Americans continue to delever their households.
At least we get to enjoy the Superbowl this weekend because the Dow is back over 10,000. Whew, I know I was dependent on that psychological number!
Big Reversal to End Positive
The Dow dropped as much as 167 points before recovering in a late-day rally to close up 10 points. Nice large bottoming candlestick to encourage the bulls and force the shorts to cover. Definitely a wash out of selling in some key names: AAPL, GS.
Consumer credit falls again for the 11th consecutive month as Americans continue to delever their households.
At least we get to enjoy the Superbowl this weekend because the Dow is back over 10,000. Whew, I know I was dependent on that psychological number!