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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: queenleah who wrote (34177)1/22/2008 7:29:35 PM
From: sea_biscuit  Read Replies (1) of 42834
 
As for Brinker, I think it's a bit premature to decide anything about what has or hasn't "bombed".

What??!!

Please tell me if this is a case of "bombed" or not :

Jan 02 2008 - Bought S&P at 1450.0
Jan 22 2008 - S&P closes at 1310.50

i.e. Down about 10% in 13 trading days, and *after* a 75 bp rate-cut.

And that is when measured in dollar terms. When measured in terms of real money i.e. gold, add another 4% or so to the losses. That makes it a whopping 14% loss in under 14 days!
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