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Federal Reserve Chairman Ben Bernanke took a major overhang off this market and reduced the uncertainty for investors moving forward, giving them more clarity on Fed policy through the end of the year. Bottom line means we'll see some near term downside, ITZ continues to see the 200ma- 1500 area being tested. But longer term stocks will be the place to be as the economy continues to improve and earnings rise.
Last month ITZ called for a decline in the $SPX & $COMPQ towards their respective 200 day moving averages LINK