The Reformed Broker, AKA Captain Chaos, here with today’s Market Recap…
As Eighties Babies across the country said goodbye to actor Dom DeLuise, the markets said goodbye to the multi-day massive rally today. Longs took profits in several key sectors, even as Fed Head Ben Bernanke testified to Congress that signs of stability are clear and present.
I’d counter by saying that although the rate of deceleration has slowed, we are still decelerating after all, so we’ll see.
Mildly lower close for the Dow and NASDAQ today.
Thanks for reading and have a great night.