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Tuesday, July 28, 2009

Sideways

Could a sense of emotional stability and deep breath calm be descending on the hyper investor class?

Say whatever you want, but the market went sideways today. It dipped in the morning and rallied in the afternoon, with the whole kaboodle essentially stopping where it began numbers wise.

Could it be that people really are less freaked by the implosion of the economy and millions of layoffs. Investors are less freaked.

Three months ago, today's news would have dropped the DOW by 200 points.

You know, its summertime. Summertime is special. Go out into the daylight, get some sun on your face, and enjoy your life. Its a good life, it really is.

Reuters: Dow, S&P 500 slip, but Nasdaq up with biotechs
...the markets technically overbought, and looking for a reason to take a breather, the stock market's slight decline is a good performance.

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