The market shrugged off disappointing new home sales, bounced back and finished near the session highs. Stocks rallied after Bernanke pledged to keep interest rates low for the foreseeable future, reassuring investors worried about the outlook for the economy. Credit Suisse raised its Research in Motion estimates. The QQQQ implied volatility slipped on renewed optimism.
Thursday, February 25, 2010
Found support
The market shrugged off disappointing new home sales, bounced back and finished near the session highs. Stocks rallied after Bernanke pledged to keep interest rates low for the foreseeable future, reassuring investors worried about the outlook for the economy. Credit Suisse raised its Research in Motion estimates. The QQQQ implied volatility slipped on renewed optimism.
