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One reason that the market is capitulating is because of oil. We are on the doorstep of the backside of production, and this is what many are calling a "bumpy plateau".
gee, some people have jobs and some people will keep their homes, therefore: the economy is just fine. Brilliant.
You have shelter until you don't...you work for Lehman until you don't...
"gold, copper and oil all staging powerful advances on the day."
0.43% is a powerful advance for gold?...
"most people having homes" is so bullish
the bounce was bound to happen. most bears were thrilled by the action. only very greedy, noobish, or moralistic bears got taken today. the rest of the bunch are partying in a cave near you. they'll be back in droves once the dust settles.
Ok, i've decided i can't put it off any longer - here it is ...
Scary DOW monthly chart.
Someone somewhere must know who writes the copy read by MSM radio announcers that says "the DOW soared today as investors reacted to State Street Bank's announcement of higher than expected earnings."
I mean, who writes this stuff? First of all, is there any evidence, at all, that it is a true statement? I doubt it. It's pure conjecture. Did they survey the traders? Why jump on some bandwagon because of one bank's no doubt completely fudged earnings report?
I'm not Alice, but this sure looks and sounds like Wonderland to me.
There are certainly a lot of details like that to take into consideration. windows vps | cheap vps | cheap hosting | forex vps
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