Apple Sees Sporadic Price Action; Molycorp Ready to Make a Strong Move Higher
Posted on December 17, 2012 at 16:30 PM EST
Markets opened flat this morning but were met with aggressive buying from the get-go. Rumors have been circulating that President Obama and Speaker John Boehner are getting closer to a compromise regarding the fiscal cliff negotiations and this could be one reason why we’re seeing equities lift today. At present levels the Russell 2000 (INDEXRUSSELL:RUT) is leading other indexes and is up about 1% on the day. The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are slightly lagging both currently up about 0.8%. Bonds are experiencing a serious sell-off today currently down about 1% while commodities are largely flat to ...