Kind of a strange tape. Stock indexes are higher, but traders are clearly taking profits in some of the stocks that have made big moves of late. That kind makes me a little wary of this move. Let's see what happens as the day wears on. Here's where we are now:
Dow +116
Nas +31
S&P +15 to 1228
The key for the S&P 500 is that it remain above the 1200 level.
Wednesday, August 31, 2011
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