Thursday, March 10, 2011

Buying Opportunity?

Peter Costa of CNBC says today is a buying opportunity.  Another analyst on CNBC came out with the same argument.  The lower oil price has lured in the retail buyers today who are salivating at a down day in equities with lower oil.  I am not constructive on the upside for the rest of the day.  It looks like traders are a bit too eager here to buy the dip and there is little fear out there. 

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