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Tuesday, March 17, 2009

The Market On Tuesday

After yesterday's excellent liftoff and subsequent fizzle, a modest dose of reality has settled in again.

Alas the recession is still with us. The big news today is about Alcoa cutting its dividends. This is a very telling part of the equation since Alcoa provides aluminum and the demand is down. Manufacturing involving aluminum is down worldwide.

Reuters: Stock futures flat to higher; eyes on Alcoa, Fed

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