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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (62993)	6/7/2006 5:08:07 PM
From: UncleBigs	Read Replies (2) of 110194

I agree Russ. I don't get the sense that the shorts have pressed their bets here at all. In fact, I think a lot of shorts have been covered. Lots of dip buyers expecting a snap back rally to new highs like we've been so accustomed to seeing for the past 3 years. If 1246 on the S&P500 and 700 on the Russell 2000 gives away, I think we'll see a lot of towels thrown in. I'm pretty surprised that Barbera is so bullish right now. He seemed to start with the presumption that Bush needs a strong stock market and then went searching for the technical analysis to support a bullish call.

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