Stocks are whipsawing between positive and negative territory as investors gauge what to expect out of the Chinese data dump and any developments out of Europe. Bernanke’s testimony yesterday did little to bolster the rally as the markets are trading essentially flat today. The lack of any real direction on QE has investors in that wait and see mode.
Couple that with the ongoing turmoil in Europe and the market volatility continues to get ramped up. You could see that this week with big down days followed by the multi-day rally. Question remains is without QE3, will the markets turn back to their bearish ways? Sign Up For Free Stock Alerts
A look at the major indices has the Dow up 20, the Nasdaq 13 and the S&P 2 points. [Read more...]
