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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (12896)10/21/2011 9:12:34 AM
From: Hawkmoon  Read Replies (2) of 33421
 
John,

I can agree with much of what Mr. Grant says. High commodity prices are a deterrent to economic recovery, IMO. Of course, so are excessive gov't regulations (environmental impact statements.. etc).

But right now the Europeans have "kicked the can" down the road for a few more days, on their weekend decision and it strikes me that, minus some other event risk, cash is looking for yield and it can't find it in the bond market.

So the only recourse is equities. I smell a major short squeeze in the making, especially in the financials.

Banks must lead economic recovery is the general rule and it strikes me that this sector will be the focus over the coming days.

Hawk
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