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Market Schizophrenia Continues
Wednesday's FOMC-driven epic bond and stock short-squeeze gave way to yesterday's breather. This morning's clarification by Bullard that Taper is close then gave way to a mad-ramp higher on quad-witching algo madness to the highs of the day followed immediately the cash market opened with a collapse in stocks back to their lows... gold, bonds, and the USD have followed similar patterns so far today.
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