Market Jumps Back over 50 Day Moving Average as Investors Predict More Easy Money

By Trader Mark
04 November 2009 @ 11:02 am EDT

ISM Services came out this morning; unlike ISM Manufacturing on Monday which is just a fraction of our "new paradigm" economy (12%ish) - investors still seem to pay far more attention to manufacturing.   Meanwhile, services is now the dominant part of the US economy.  Again, taking *any* government data with huge grains of salt, ISM Services came in below expectation (yet still slightly expansionary) but the market could care less.

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