NEW YORK (TheStreet) -- Contagion's back!
Through Thursday's close, the market had put together another impressive week. The cracks that had started to appear were getting short shrift as earnings season picked up steam, and high-fliers like Caterpillar (CAT) (the Dow's top performer in 2010) and Netflix (NFLX) (the same for the S&P 500) delivered strong results.
The Federal Reserve delivered a very dovish message on Wednesday -- once again validating "QE2" -- and doing so with a complete lack of dissent, so it looked like 2011's non-stop bull run still had some legs.
The Dow Jones Industrial Average spent a few sessions crisscrossing 12,000, and the S&P 500 did the same with 1,300, and each index closing above those levels in the near future seemed a foregone conclusion.
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