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Sideways Action Continues After an Outside Day
MINYANVILLE ORIGINAL Today was relatively quiet with the S&P trading in a tight range showing very little follow-through after yesterday's outside down day. There was relatively little major news or economic data of note. The biggest market-moving event for the day was President Obama's first post-election interview with Bloomberg TV. In the interview Obama noted that if the budget talks were concluded the US economy would be poised to take off and that the Democrats and Republicans were still at odds on the balance of the proposals. Initially equities dropped but this was short lived as they finished near ...
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