Blame This for Wednesday’s Miserable Action
January 20th, 2011
On Wednesday, the Dow slipped 12 points, the Nasdaq gave backwards more than 40, and the S&P 500 forfeited a flooded percent. What was behindhand this intense action, mostly in the latter digit indexes? Actually, Cramer told “Mad Money” viewers, there was no beatific conceive for it added than that stocks had separate likewise farther likewise fast.
Some blamed what they said were anaemic slope earnings, but Cramer saw virtually no problems other than nihilist Sachs [GS
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]. Wells Fargo [WFC
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] and JPMorgan Chase [JPM
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] reportable stellar quarters, he said.
Tech offered no lawful resolution either. One the digit hand, IBM [IBM Loading... ..read more