Not Even Draghi's Stimulus Can Rock the Market Out of This Rut
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Howdy folks
. Well, in light of Thursday's post-Draghi action (which was strangely muted considering what Draghi said/did), I think it's pretty clear investors just aren't sure what to make of what to make of
anything. The response to a new stimulus in Europe mostly had bullish implications, but there was even a way for the bears to spin the story and suggest the stimulus was a glass-half-empty situation rather than a glass-half-full one. By the time the closing bell rang though, the market's indices were right back where they started, and right in the middle of the day's range, and basically at break-even levels.
Traders just don't know what to do. Of course, the indecision here makes a lot of technical sense. The S&P 500 is drifting just under a key technical ceiling. Conversely, the NASDAQ Composite is drifting just above a major technical floor.
We'll look at all the pros and cons as we usually do, but first, there's something bigger and better to show you about one of the site's Featured Stocks.