Minyanville's T3 Morning Market Call: All Eyes on the ECB
Posted on August 02, 2012 at 10:15 AM EDT
It has been a very choppy market even as the major indices try to hold higher. A ton of stocks are getting battered under the surface and big name stocks that people thought were safe have taken it on the chin such as Starbucks (SBUX) Chipotle Mexican Grill (CMG) Coach (COH) Caterpillar (CAT) and others. You really need to do your homework and uncover when the intermediate trends change. Today all eyes will be on the ECB. I don’t think the markets will get a pass today. The Fed did nothing yesterday but that was expected. Data here hasn’t ...
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