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S&P 500
5,699.94
(
-0.17%
)
US TECH 100
19,261.20
(
-0.09%
)
Dow Jones
42,011.59
(
-0.44%
)
Brent Oil
77.65
(
-0.21%
)
Bitcoin
61,082.65
(
0.55%
)
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big-yank

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big-yank

Re: big-yank post# 682

Friday, 11/09/2012 6:41:59 AM

Friday, November 09, 2012 6:41:59 AM

Post# of 11276
Look for S/P pressure downward here as we approach the fiscal cliff. There are a lot of big holders that bought ginormous positions when this traded around 25 cents. They will want to pay the 15% LT cap gains rate if no deal is struck to extend the Bush tax cuts into January or beyond.

Huge volume will tend to drive down S/P in a linear correlation.
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