Tuesday, December 11, 2007

Bears Back in the Driver's Seat

We literally crashed through all meaningful support today. This market is like a crack addict. The addict needs more and more rate cuts to get high. 25 bps wasn't enough.

After high sticking and checking the bulls into the boards today I'm shutting the computer off and going to a hockey game. When I get home I'll have 4 or 5 hours of homework to look forward too. Then maybe I'll have a chance to post some further thoughts. Or perhaps not.

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