there was a whisper of weakness after the GDP numbers this AM - and shock of shocks the weakness was met with huge S&P buyers reversing the losses to gains almost immediately - traders are creatures of habit they do what works till it doesn't. I watch some obscure stocks as related to my arbitrage positions - when these buying waves come in these things just leap - there is very limited liquidity in the market from my vantage point. Eventually that will cut both ways - when guys go to sell there wont be bids but for now - stocks are where its at but every dip - even the smallest of one.
JB
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