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Stock & Corporate Bond Markets
Posted on September 28, 2008
I am headed out later today for a family birthday celebration andwill miss the release of the provisional bailout plan targeted tocirculate before the markets open in Asia this evening. I note onlythat the original two and a half page Paulson version hasmushroomed to over one hundred pages (devil in the details).The stock market is but mildly oversold in the short run, but6 -13 week measures show we are moving toward a tradableoversold. I would prefer another down week to produce amore formidable set-up, but one has to allow that the planto remove known toxic debt from the private system might...
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