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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Psycho-Social who wrote (9465)11/30/2001 9:11:42 AM
From: Alex MG  Read Replies (1) of 99280
 
"...This time, the Sept 11th events, the week-long market closings and the anthrax scares combined to distort Market action and create artificially low stock prices that were not responding to the business/economic outlook..."

That's BS... The market WAS responding to the business/economic outlook. The day before the attacks the Dow had already said bye to 10K and the NAZ was 1680 and on it way to testing and probably breaking the April low... The attacks only sped up the process, and now we're left with the same weak economy and unwinding of the biggest debt driven mania driven bubble in history. This is not a healthy market. It needs a healthy pullback in order to take it a leg further upwards, before the shit hits the fan once again probably next spring/summer.
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