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Traders More Interested in World Cup Than Iraq Violence

TheStreet

Stocks are stuck in neutral as traders seem more focused on the World Cup than they are on the civil war in Iraq. Jason Weisberg of Seaport Securities said that very few expect the Federal Reserve to change rates or do anything beyond minor trimming in the asset purchases. He also noted that in the past an event like the one we're seeing today in Iraq would have had a direct impact on stocks. Not even huge global events have had an impact on the stalled market. Jason did note that the neutral position has helped buyers with a longer horizon as opposed to day traders who need volatility.