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Wednesday, August 26, 2009

The Market On Wednesday

At 7:30 a.m. futures are slightly down.

The stock market is cranking along and the DOW is presently perched at a new high for 2009 - 9539.

The way the market is responding lately reminds me of Russell Crowe in the end scene in the movie "The Gladiator." Crowe is about to fight the wicked emperor. He is clearly going to win as his fighting skills are superlative. He has only major flaw, the emperor has pushed a sword into his stomach.

Its up, its active, but its mortally wounded.

Reuters: Stock futures mostly lower ahead of durable goods data
The Commerce Department will release July durable goods orders at 8:30 a.m.

New home sales data for July is due at 10 a.m. EDT.

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