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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 684.83+0.6%Dec 22 4:00 PM EST

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To: robert b furman who wrote (22244)7/27/2011 8:12:47 PM
From: Wayners  Read Replies (1) of 220568
 
Well I made my conclusion based on the bond action. If the threat of default is why everything sold off, then Bonds would have led the pack. They didn't. They hardly went down at all. Thererfore, it wasn't the threat of default moving the markets today. It was Europe and the Euro falling, the Dollar rising against the Euro, and more bad Domestic Economic news.
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