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Monday, September 28, 2009

Nikkei Opens Higher On Tuesday

Nice three digit bump to the DOW today, while the S&P did a proportionate two digit bump.

Oil is presently moving up in price per barrel. The logic is "flawless." Iran conducts a missile test demonstrating that they can hit Israel and US Middle East bases, and that cause oil prices to rise.

Reuters: Oil rises toward $67, eyes equities, Iran
Support for oil came from Iran test-firing a type of missile on Monday that defense analysts said could hit Israel and U.S. bases in the Gulf region, state television reported.
Reuters: Nikkei rises 0.8 percent on exporters after sell-off

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