All good rallies must come to an end. The rally we have seen over the last week has been really good. Some takeaways are the companies that have reported earnings, so far, are in decent shape. They're not killing it, but they are in good shape. This maybe echoes a little what Ben testified to the congressional panel on Tuesday and Wednesday, that things are still growing modestly here, but there needs to be significant movement in the employment area. So far the U.S. is not going to fall of a cliff. Neither is China, they're experiencing some growing pains, but with the resources and human capital aviable to China their economy will continue to do well into the future.
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SPY ETF HItting a Top
Posted, by Smart Trader on July 20th, 2012
- Tickers:
- SPY
- Tags:
- General Market News, market review, SPY







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