Wednesday’s Stock Market Commentary

July 15, 2009

Big institutional players became interested in the market today as stocks flew higher on a surge in volume. Perceived positive economic data helped set the tone early on for stocks. However, buyers simply stepped up to the plate to acquire shares. Bears were taken out to the woodshed as many were crushed in big name stocks. Will the bears have enough left in the tank to take on the bears? Mid-day stocks took a breathier digesting the run from the morning. At 2pm, the FOMC meeting minutes were released and helped stocks push higher into the close. The NASDAQ and S&P 500 were able to close near their highs showing strength right into the close. Insitutional buyers stepped up to the plate in a very positive manner suggesting we will see higher prices in the stock market.

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