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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Terry Whitman who wrote (12080)7/19/2001 6:46:14 AM
From: Paul Shread  Read Replies (2) of 52237
 
>>I smell change in the air<<

I'm getting the same feeling. They refuse to take this market down despite lousy earnings from the only companies that mattered (IBM, GE, INTC and MSFT). There is no sign of economic recovery. Looks like we're going to rally just because all the bad news is out. I can almost here Pisani saying it now.

CRB really turned down the last few days, but the USD absolutely tanked yesterday. The USD falling could be good for the reflation scenario. I know a lot of people see it as bearish, but it's probably the biggest thing driving us into deflation (next to demand plunging headlong into the abyss, that is).
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