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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Challo Jeregy who wrote (13336)9/13/2012 2:06:32 AM
From: John Pitera  Read Replies (1) of 33421
 
Art Cashin-- A Threat By Moody's Sends Stocks To New Highs – Lewis Carroll would have loved it. Moody's threatened to lower
the credit rating of the United States of America. The Speaker of the House responded that in the face of the fiscal cliff,
the two parties running the nation would likely imitate Thelma and Louise. That combination sent the dollar down and
took treasuries with it.
In the long ago days of orthodox economics that might have spooked stocks and other markets. Yesterday, however, the
fall in the dollar (and resultant rise in the Euro) caused a rally on both sides of the pond. It also firmed up oil, gold and a
variety of other assets.”

On the debt topic the attached video is very clear and concise. We have a very definite lack of leadership in Washington. Perhaps the election will give us a new opportunity. We will be receiving our mail-in ballots in less than 25 days.
http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0
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