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VCSC Daily - Banking stocks turn in another record trading day but raise SSC eyebrows

Market Commentary

29 Feb 2012

Just when we thought that liquidity had peaked yesterday, which could have signaled of an imminent consolidation; it jumped another 33% today. For most of the day, investors were trying to decide whether to buy more, or take profit. Markets seesawed between positive and negative territory before they managed to close relatively strong. We are bullish as we think that improvements of the macro picture will help boost investor confidence and more will jump back into equities. We would take retrace

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