The markets turned around a mid day sell off today on news that Obama doesn't "begrudge" the $17 million bonus awarded to JP Mogan CEO Jamie Dimon and the $9 million issued to Goldman Sachs CEO Lloyd Blankein.
A couple of earnings also helped lift the general market, BHP and Arcelor Mittal announced earnings stating that there is still growth in China and demand for commodit
ies still remain high in the region. The US economy may be stronger than perceived as Ben Bernanke signal a possible rate increase in the future.
ies still remain high in the region. The US economy may be stronger than perceived as Ben Bernanke signal a possible rate increase in the future. With today's market action and Friday's late day comeback, the correction may have possibly ended. However, i still remain cautious. If we have bottomed i look to go long Tech, Healthcare and commodity stocks.
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