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Monday, October 13, 2008

Stock Market Rally: DOW Jones Rises nearly 1,000 points ...

"Whoever claims the right to redistribute the wealth produced by others is claiming the right to treat human beings as chattel." - Ayn Rand




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So we go from a stock market crash? To a nearly 1,000 point rally in the span of a few days. This is why people call the stock market? The manic depressive market.

Do people truly believe that the economy has now turned around? That earnings are going to be fantastic? Johnson and Johnson reports tomorrow. And this is the start of the new bull market? Because they've done the exact same thing they've done all along? Just pour liquidity into the markets?

Did that work out so hot for Japan in the 1990's?

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It goes back to what I said before. Just ... wait ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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