Well I’ll Be Damned…The S&P Hits a 17 Month High(!)

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Stocks continue to defy gravity, as the S&P finished today at a 17 month high. Amazingly, the S&P has completely retraced it’s most recent drop from January. The markets swung from quite oversold, to quite overbought, within the span of a month. Once again, we learned (the hard way) not to bet against the S&P […]

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On December 5th, I bookmarked Jim Grant’s Op Ed for the Wall Street Journal entitled Requiem for the Dollar. I had meant to blog about it, but got busy, and it actually worked out for the best, as we now have 15 days of trading hindsight since the op ed was published. I should first […]

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