Today is much like Friday as the entire market awaits two key announcements this week. First, on Wednesday the markets look to Germany to hear if they are on board with ECB plans to buy bonds from the likes of Spain, Greece, Italy and others. Then on Thursday, the markets look to hear from the Federal Reserve. The markets are again looking to hear whether or not QE3 will be announced.
With these two major announcements on the horizon, the markets are likely to stay quiet until Wednesday.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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