Stocks began the day with continued exuberance from yesterday's Fed comments, bu then reality stepped in a ruined the party. To add to the celebration Caterpillar reported huge increases in profits. The really good news here was that unlike the past few good reports stemming from sales in places like Brazil and China, much of these sales were in the United States. Temper that with one of the worst housing reports in recent months and you have a formula for profit taking. The Dow finished the day down 22 points after skying up 85 points in early trading.
Keller Williams Realty Gulf Coast - Pensacola, FL
850-417-8301
Profit taking, yes!
I have been waiting months to get out of some shares of Silver Wheaton. Finally, it went up and I went out.
I'm sure lots of people are doing the same exercise these days.
Jan 26, 2012 10:51 AM
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