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The SP stocks above 50 and 200 day shows fear and indecision. The BBand says a decision is coming soon.
The move depends on US Debt Ceiling Compromise, EU compromise on debt, and in the meanwhile how
much the US economy decays.
Bonds are drawing money (why is another question - probably a contrary
indicator). Gold is holding up but vectorless, and the USD is the red headed step child no one wants.
That said: dollar looks better the rest of the Fiat. Sleep lightly.
Best, Islander
Sum of all fears
Started by
Islander
, Jun 18 2011 10:37 AM
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