G'day all - hi Mohan, longer term, you and I are in agreement, but, IMHO, the adage of not to bet against the Fed should continue to prevail in the near term. Look at the masterpiece by Uncle Al,
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OOH, he is giving signals to the bulls not to test him too too much; OTOH, especially with his reference concerning the Japanese bank debt situation, true as it is, seems to have the effect of slowing the hot money flowing into Japan at the expense of the US markets. So, what gives?
Btw, Uncle Al isn't the only good cop/bad cop in town, there seems to be a posse running amuck
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best, Bosco |
