The market closed higher Wednesday, a day after the biggest one-day sell-off of 2012, as investors were pleased by the latest economic reports. The gains were modest as investors wait to see what the deal between Greece and its private-sector bondholders will look like. Apple unveiled details of the third version of its iPad at a presentation in San Francisco. However, Apple shares failed to move higher. he tech sector looks deeply overbought. We expect a mild correction in the short term.
Thursday, March 8, 2012
Showing strength
The market closed higher Wednesday, a day after the biggest one-day sell-off of 2012, as investors were pleased by the latest economic reports. The gains were modest as investors wait to see what the deal between Greece and its private-sector bondholders will look like. Apple unveiled details of the third version of its iPad at a presentation in San Francisco. However, Apple shares failed to move higher. he tech sector looks deeply overbought. We expect a mild correction in the short term.
