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weekend notes
Date: 18 Apr 2010
Comment: Comments are off
Tape Bombs
Overall: Week #3 of the bullish capitulation got sucker-punched Friday afternoon by Goldman investigation tape-bomb. That and Iceland volcano provides bears two new triggers (out of left field) to sell market. Fri brought a round of salesman/strategist missives calling for 7-10% equity correction – guys still seem eager to call a top. Goldman news and Obama’s growing push for Bank Ref
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