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Minyanville's T3 Daily Recap: Market Fades Again After Early Gains
Much like we saw on Friday the market gave back early gains to finish in red figures. The Nasdaq in keeping with the recent trend was the weakest index dropping 0.7%. The market can't seem to rekindle any upside momentum since the election as worries persist about the fiscal cliff and European sovereign debt crisis. The S&P 500 continues to linger below its 200-day moving average and we believe that the longer we sit below that level the higher the likelihood will be that we get another leg lower. We saw follow-through weakness in several tech stocks today. Baidu ...
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