For the second day in a row, the bulls battled back and managed a strong finish despite a rising dollar. Is the dollar and equity decoupling? Buying each and every pullback has worked for quite some time. The VIX had being up 20+% in a very short time, so a retrace there maybe possible? The Wall Street Journal reported this morning that the Fed will likely unveil an incremental approach to QE II but its size and duration will likely determine the outcome of the current consolidation.
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