Posted on 08/09/2011 12:36:49 PM PDT by inthemoneystocks
The markets are sharply higher as they get an oversold bounce ahead of the FOMC Policy Statement. In the last two weeks, the markets have dumped over 15%. Everything from major market leaders like Caterpillar Inc. (NYSE:CAT) and Apple Inc. (NASDAQ:AAPL) to small cap runners like OXiGENE, Inc. (NASDAQ:OXGN) have been pounded but are now surging dramatically higher.
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