Cusick’s Corner 06-28-2012
“Buy the rumor, sell the news” — most scenarios that covered the health care law being upheld did not anticipate the market going down, especially the Health Care sector, XLV. So the decision is over, the market is down and now the EU is front and center. The Financials are under pressure, XLF, catalyzed by the fear that JPM’s trading losses may be well north of $2 billion. Energies, XLE -.45%, are also under pressure but are holding up better than the other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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