Nah Tabitha the market leads does not follow.
The market is now trending sideways with frequent Up and Down oscillations and we all like those :) with err on the upside.
The markets have already factored in Bad News, the only thing that can upset it now is:
1. The degree of bad news (watch for Unemployment figures - release Thursday) and
2. Any unforseen bad news eg Deravitives, Currency devaluations, increase in LIBOR [TED spread].
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Nah Tabitha the market leads does not follow.The market is now...
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