The market continues to exhibit indecision and has "ping ponged" in a tight four-day trading range. However, the longer stocks continue consolidating at their lows, the higher the probability that the next significant move in the market will be lower.
This week the German Bundesbank waved the white flag. The die is cast. For good or ill, Europe has embarked on a program that will require multiple trillions of euros of freshly minted money in order to maintain the eurozone.
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