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Market Makes Fool of Both Bears, Bulls

Market Makes Fool of Both Bears, Bulls

Both bulls and bears were on the wrong side of the action, and when all was said and done, the market was close to unchanged. The moves in Microsoft were a great illustration of the kind of action we're seeing. After gapping up around 4% on Tuesday night when earnings were released, the stock totally reversed and was down 4% following the conference call -- and by the open on Wednesday morning.