CapMarketComment

Thursday, April 22, 2010

The market made a strong reversal today, its pretty amazing that it finished in the green (
Earth Day pun) after tanking in the morning on renewed Greece debt fears, another Goldman drop, and lackluster earnings announcements. The rebound was triggered my an encouraging statement not to worry about Greek contagion, and even Goldman finished slightly up for the day. The VIX also did a round trip, jumping to 18 then back down to where it started. Overall, market psychology is positive and the market is showing impressive resilience to bad news.

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