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Strategies & Market Trends : John Pitera's Market Laboratory

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To: pcyhuang who wrote (12856)	10/11/2011 12:44:29 PM
From: Hawkmoon	Read Replies (2) of 33421

It's the classic "wall of worry".. But this time the wall is pretty formidable, given the likelihood of continuing trouble in Europe. I just don't see how they can get around their problems there. They can kick the can down the road a bit further, if Slovakia, agrees to the ESFS bailout, but eventually that can is going to get crushed under the boot of the European taxpayer marching in rebellion. I'm VERY hesitant to stay long this market. I'll trade it when the opportunity arises, but I'm so afraid of looming "event risk" that I just can't justify a "buy and hold" approach. Hawk

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