"S&P 500 Turns Positive as Oil Prices Bounce Back After Selloff" WRONG!

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valuepro

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"S&P 500 Turns Positive as Oil Prices Bounce Back After Selloff" WRONG!

posted on Jan 21, 2015 10:49AM

http://www.thestreet.com/story/13017662/1/stocks-trade-modestly-lower-as-qualcomm-ibm-drag-on-sp-500.html?puc=yahoo&cm_ven=YAHOO

NOT SO! I smell maniputaion. There was s sudden sell off, and then a huge spike, which sold off. POO is now below where it was at the start of the day.

Markets are in tourmoil and very likely to remain unstable for a very long time to come.

Knee jerk reactions are seldom good responses, and especially in times like these.

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