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Top Stories Canadian Markets: Canadian stock index gain as gold shares lead Toronto’s benchmark index tallies a second day of gains, keying in part off higher gold futures.
IPO Report: Facebook starts at $42 in debut, then fizzles Social network’s shares jump early after making debut as a public company. Facebook priced its $16 billion IPO at the high end of its expected range.
Real Estate Weekly: ‘Facebook effect’ on Bay Area real estate Facebook’s initial public offering is having a marked effect on San Francisco Bay Area real estate, according to one mortgage banker.
NewsWatch: Facebook surges, then skids in public debut Social networking giant quickly rises 12%, but then pulls back to IPO level of $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.
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May 18, 2012 12:11 PM EDT
When we look for indicators of a good turn in the market, we expect to see an oversold reading to initiate a bounce. On May 21st, the Volatility Index VIX spiked to 48.20, the highest since March 2009. Two days later, the S & P undercut the February low of 1044.50. The May 25th low of 1040 was tested on June 8th, holding slightly above that low. The Dow, NASDAQ, and Russell 2000 all undercut that low. The S... full story >>