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Re: None

Tuesday, 06/30/2009 10:31:51 AM

Tuesday, June 30, 2009 10:31:51 AM

Post# of 10954
Consumer Confidence dropped more than 5 pts from the previous 54.9 to 49.3 which prompted an immediate but short term reversal in the market this morning at 10 am. NTRZ then pulled back from its $0.21 low to neutral at $0.22 on very low volume, 13K shares. The confidence drop followed a major increase the previous month. It would seem that reality is just beginning to take hold with expectations of worsening employment coming on Thursday.

State Street Investor confidence also posting at 10:00 am had a significant uptick from the previous 106.3 to 115.5. Both are monthly updates (June).

After having second thoughts, the market (DJI) took a nose dive to 8458, down 71 pts. NTRZ holding at $0.22 volume unchanged.

It would seem that the ARCA selling spree may be over?
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