Trading was mostly range bound on the major indices today as the market took a breather after yesterday’s huge rally.
Fed Chairman Bernanke noted that GDP will not grow much in the first half (surprise surprise) and that we could even contract and go into a recession.
Oil, Gold and the majority of commodities rebounded strongly today after getting drubbed Tuesday. The weekly oil reserves grew more than anticipated and that sparked a big part of the rally in early trading.
After the bell, RIMM is up more than 7 dollars from its close. They reported 4th qtr earnings of 0.72 cents per share which was 2 cents better than the consensus estimate.
