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Re: joyceschoice post# 356

Monday, 02/22/2010 9:21:58 PM

Monday, February 22, 2010 9:21:58 PM

Post# of 710
BRCD:


I'm going to pass on that one. I had bought a little early before but got rid of it. Market just looks very extended.

Something about AIG being up so big today really seems just.... fraudulent and unnatural. Market may be rising because it sees hyperinflation or something like that -- because it sure isn't based on the world economy improving. And from everything I've read, the risk of deflationary pressures are much greater.

Bernanke and the foreign banks would sure like to reflate their economies... but I think they've all reached a point where there's too much debt weighing everything down.

I think the markets will drop to test their 20 day MAs -- if they bounce from there and move higher it would be incredibly bullish signal but first it needs to correct and not turn into a waterfall of panicky selling.
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