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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (73341)6/12/2006 8:15:01 PM
From: Real Man  Read Replies (2) of 94695
 
Yes, I agree, unless this is the first leg of the bear market
Message 22512970
Could explain high put/call ratios.

If they manage to pull a summer rally, we are going to new
highs.

Right now everyone is counting on the Fed's monetarization,
even the bears, who are long gold and very afraid to short
anything. The Fed did not disappoint - it printed today 1.3
billion (delivery tomorrow), but the market did not go up.
Strange. Maybe a sharp rally tomorrow?
ny.frb.org
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