SPDR S&P 500 (SPY): The beaten-down BKX is up over 5%...the...

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Tuesday, 04/01/2008 12:13:51 PM

Tuesday, April 01, 2008 12:13:51 PM

The beaten-down BKX is up over 5%...the work of the interventionists are beginning to have an effect. Sure, there will be profit-taking for days at a time.....but it is hard to fight all the weapons that an administration committed to propping the market have at their disposal. I think this may be the start of a serious bear market rally.

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