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THURSDAY APRIL 17
New Rules: Sell The Rumor, Buy The Fact – Or Whatever If everything on Wall Street has gone arse-backward and pear-shaped, is it any wonder that the usual tenets of trading have also reversed? Just look at how the stocks of JP Morgan and Wells Fargo rallied shamelessly yesterday, despite the banks’ clear confirmation that Rome continues to burn – and with no indication of when the firestorm will be put out. Are traders engaging in wise garbage-picking...or just suffering from another round of bank-apologist Stockholm Syndrome? April 2008New User?Sign up to get free access to TraderDaily.com
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