Just when I thought DOW was flying when there's good earnings reports from companies and good news along with Bernanke's speech, it ended up flat. It was a really nice rally of 100 over pts until at the end DOW just went on a dive and splat! This formed an inverted hammer, a signal of reversal or consolidation.What Trichet commented?
Trichet told a French TV network that Greece having to go to the IMF for aid was a "very, very bad" thing and that the European Union isn't doing enough.
Those comments sent the dollar soaring against the euro and commodity prices lower. Material and energy stocks were the day's worst performers.
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