Morning update:
XLF down 4.4%, oil up 4.26% at 109 resistance. They might have banned short selling banks, but that doesn't stop anyone from getting out of financials altogether and buying oil. This is putting pressure on techs, although for now the selling is contained. Overnight lows have not been tested.
XLF down 4.4%, oil up 4.26% at 109 resistance. They might have banned short selling banks, but that doesn't stop anyone from getting out of financials altogether and buying oil. This is putting pressure on techs, although for now the selling is contained. Overnight lows have not been tested.
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on Monday, September 22, 2008 at 9/22/2008 10:12:00 AM.
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