SPDR S&P 500 (SPY): Weekend thoughts.... The financials h...

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Friday, 07/31/2009 10:24:56 PM

Friday, July 31, 2009 10:24:56 PM

Weekend thoughts....

The financials have been forging ahead with very little pullback. Gold and oil have done their 3 days pullback and are on their way up. Next week, is time to buy gold and oil. Since gold is up dollar will be down. The surge in volatility index late day represents climatic surge and since it did very little to the price, it will probably quietly come back down next week. I see very small or little pullback until at least by Aug7 even so the anticipation is the market will be higher in the next two months.

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