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Monday, October 22, 2007 11:34:26 AM
to somewhere this time.
I actually bought a little, and if it pulls back more today, may do some more.
The real market leaders are moving up this morning, including some smaller caps. The credit market is stable. And some bank stocks like WM, C, etc that have exposure to problems like mortgages and/or ABCP are horrible and trading lower than in August - thus keeping the Fed on alert and helping raise odds of another possible 25bp cut, if not this month, then next meeting.
Looks like a good buy opportunity - watch those market leaders.
GL Mel
We're in the middle of fire country this a.m. out here in San Diego, so watching that more than the markets.
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