The weak dollar following the G-20 economic meeting helped the bulls early, but we ended up with another weak close. One of these day the weak closes will comeback to haunt the bulls. Many were speculating for that elusive dollar bottom today. Breadth was solidly positive. Commodities continued to lead and financials continued to lag. We also have select technology names being bid up before month end. Gridlock and QE II had being widely anticipated next week. It would be interesting to see the market’s reaction when the details are announced. 2 trillion dollars were rumored today for QE II.
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