Greece is the Word!

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Friday 29 January 2010 at 11:26 am

That's Greece as in the country, not "Grease" as in the play.  Blow-out earnings from the likes of AMZN, MSFT, our SNDK and even the launch of the AAPL iPad have not been enough to move the market higher.  We had a huge GDP report this morning, showing the economy grew 5.7%, which is the highest growth rate since 2003 which did move the futures higher.  That was then piggybacked by the Chicago PMI coming in at a higher than forecast rate of 61.5 (57.4 expected).  A reading above 50 indicates growth in the midwest region.  Even the Michigan sentiment survey came in h

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