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Monday, October 22, 2012 11:38:28 AM
“Silver Anniversary”
By Jeffrey Saut
* Monday, October 22, 2012
The call for this week: The Industrials finally experienced a daily decline of more than 1% for the first time in nearly four months. While many believe this is the beginning of a collapse, it does not appear that way to me. Indeed, the evidence of a major top in the equity markets is nowhere near conclusive. So while it may take a few sessions for the markets to stabilize, I continue to think the path of least resistance remains up.
http://www.raymondjames.com/inv_strat.htm
George.
Click on "In reply to", for Authors past commentaries.
By Jeffrey Saut
* Monday, October 22, 2012
The call for this week: The Industrials finally experienced a daily decline of more than 1% for the first time in nearly four months. While many believe this is the beginning of a collapse, it does not appear that way to me. Indeed, the evidence of a major top in the equity markets is nowhere near conclusive. So while it may take a few sessions for the markets to stabilize, I continue to think the path of least resistance remains up.
http://www.raymondjames.com/inv_strat.htm
George.
Click on "In reply to", for Authors past commentaries.
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