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Thursday, November 16, 2006

What A Difference A Day Makes!

What a difference a day makes! Traders in financials are getting whipsawed lately, as recent economic data seems to alternate between the bull and bear camp. Yesterday, Treasury futures tumbled, as a stronger Empire State manufacturing index, coupled with a "hawkish" tone on inflation, as seen from yesterday's Fed minutes release, wiped out the market's gains from Tuesday's weak PPI figure. Read More....