Sunday, February 27, 2011
Possible pullback, high oil raise risks
On Wall Street they wonder: Was that it? Is the pullback over? Following the S&P 500's worst week in 15, investors are trying to determine whether the predictions of a correction have been fulfilled or if there's still downside ahead as oil prices remain at elevated levels. Along with the direction of oil, potential market movers for traders will be the February payrolls report, which will be released on Friday, and Federal Reserve Chairman Ben Bernanke's speech on Tuesday. ...We were looking for a pullback of at least 5 percent and we didn't get it, ...since tensions remain high in...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment