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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (62984)	6/7/2006 5:01:56 PM
From: mishedlo	Respond to of 110194

This guy is just now thinking about the integrity of the Bull Market? Mish

To: UncleBigs who wrote (62984)	6/7/2006 5:02:53 PM
From: russwinter	Read Replies (4) \| Respond to of 110194

most oversold values seen in the last three years, and that indicates there is presently a high level of fear in the market, precisely the emotional condition seen at important lows.> Jees, what, we are down a mere 6% so far on the SPX, and maybe 8% in the Russell, and that's all that's required? Today's action was real ugly for the bulls, hardly the stuff of a bottom, in fact it looks like they've been eager to blow their wad on about three aborted rally attempts so far. There's nothing showing up in credit spreads though, XBD and BKX were actually slightly green today, amazing.