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What Was THAT?!?

Posted on May 21, 2008

Heck of day, Bernie.Choose your poison: Technical, Fundamental, Macro-Economic -- there's something for everyone in the recent market action: Macro-Economic: FOMC minutes reveal the Fed is expecting weaker growth, worse employment, with inflation threatening to become more problematic the same day CrudeOil hits $134.Fundamental: Funny thing about that Oil: Without it, SPX earnings would be the worst in decades. Technical: Markets have made up about half of their peak to trough losses, from the October highs to the January/March lows. No coincidence either that the 200 Day moving averages were...

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fed , fomc , inflation , oil , the fed