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Today's lack of a rally came with little surprise. The massive gains yesterday were reminders of the panic buying seen in the past. Profit takers used the strength to unload on the new buyers who chased stocks yesterday.

Confusing housing data caused another brief hope because of an uptick, but that was following a downward revision. The Geithner-Bernanke testimony to Congress today did very little for the markets. Here were today's unofficial closing bell levels:

Dow 7,660.37 -115.49 (-1.49%)
S&P 500 806.37 -16.55 (-2.01%)
Nasdaq 1,518.70 -37.07 (-2.38%)

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Continue reading Closing Bell: Profit taking beats the bull (AGN, AIG, DOW, GS, LVS)

Closing Bell: Profit taking beats the bull (AGN, AIG, DOW, GS, LVS) originally appeared on BloggingStocks on Tue, 24 Mar 2009 16:00:00 EST. Please see our terms for use of feeds.

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