Stock Market Analysis – 07-29-2008
July 29, 2008 at 9:39 pm · Filed Under Broader Market
Today was an interesting bounce day again, and I’m not talking about that earthquake those of us in LA felt. The market was immune to the new report of record home price declines, and spiked on lower oil prices. Don’t get too excited though. As I stated before, oil was way too overbought and is just getting back in line again. With the low market volume today, I wouldn’t be too surprised to see the trend reverse back downwards again in the near future.
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