I'll bet you a dollar it's not.The Dow trimmed its losses to finish down 131.24 points, or 1.1%, at 12029.06, off 9.3% on the year. Many traders believe the market is stuck in a range between 12000 and 13000 -- a level it hasn't touched in a month -- because key questions about companies' balance sheets and the health of the economy remain stubbornly unresolved despite fervid efforts by chief executives, central bankers, and other officials.
"Right now, the market really is a pinball bouncing between these technical levels," for the Dow, said Chris Johnson, president of Johnson Research Group, in Cincinnati.
Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Thursday, June 19, 2008
Many traders believe the market is stuck in a range between 12000 and 13000
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