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> Stocks are way off their highs why
> would you be surprised at a strong rally let alone the economic
> situation that would cause the fed to lower rates.
Preach it brothah. Like the pros have never seen or, heaven forbid,
participated in a short squeeze. Oh, those poor innocent souls to be
treated so rudely. :-)
ps - It's a HUGE assumption that the market makers lost money today.
>From the market action, my guess is most of the pros were net long
before the move. Bill Gross (one of the few talking heads I respect)
said he expected a cut today after yesterday's NAPM and I doubt he was
alone. The A/D line clearly showed the big boys were buying while the
public was selling. Not to mention, they had the news in the pits at
least a minute before it was announced on CNBC. Looks to me like it was
Joe Sixpack Private Trader who got whacked, as usual.
--
Dennis
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