Sarkel Kills the Rally

I always get nervous whenever the president speaks during market hours. Today I learned that talking European politicians can kill a rally just as well as any American politician.

Right before the Sarkozy/Merkel joint press conference, the S&P 500 got as high as 1,204.22 which was just 0.02% below yesterday’s close. Now we’re more than 1.5% below yesterday’s close.

Posted by on August 16th, 2011 at 1:42 pm


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