CPI only met expectations & housing was a little lower than expected
Economic growth is still moderate or less
The market will move according to what traders think, whether they see this as good or bad
We also need to take consideration of QE tapering concerns
Market should still be volatile
We cannot make long term/end of day trades as G8 meeting is still ongoing
Market conditions might change in the middle of the day
Yesterday, rumors that the Fed might start tapering as soon as Wednesday sent stocks falling after 2pm EDT
Current market is still based on fear & uncertainty
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