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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (606169)4/1/2011 6:44:41 PM
From: tejek  Read Replies (1) of 1583400
 
The BKX, the bank index, had been in a pull back and it was unclear whether this was a precursor to a downturn in the economy. However, today, the BKX the downtrend that had been in place since the beginning of February has been reversed. From a high of $56, the BKX dropped down as low as $51 but has now recovered to close today at $52.43. You can see it on this chart.......imagine a line from the top to the bottom:

bigcharts.marketwatch.com

It was a bullish move on the part of the BKX and made many wingers unhappy. ;-)
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