It is not a sin to be wrong, the Reformed Broker tells us, we are all wrong from time to time. However, it is a sin to willfully ignore evidence and facts or to hunt down obscure data points in order to support an existing thesis.
The Dow gained 37 points to end at 11541 after moving between gains and losses for most of the day. The S&P rose 5 points to 1215, but the Nasdaq dropped 5 points to end at 2598.
The Federal Reserve announced Wednesday that it will drive down long-term interest rates through a strategy called 'Operation Twist.' The move has already pushed mortgage rates to historic lows, but Wall Street appears to have doubts about the plan's broader economic impact.
The Dow rose 53.58 points to close at 11,613.53 as a wild month for the financial markets ends quietly
The Dow Jones Industrial Average shed 419.63 points to close at 10,990.58. News from Europe and unfavorable economic reports in the US appear to be factors.
Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.
Despite concerns that the Greek debt crisis might spread to the US, stocks rose on Thursday, with the Dow gaining about 64 points