Actually, the recent econ data were discounted by the decline since March, IMHO, it is quite possible that the second Q when updated will actually be down, starting the second dip we talked about much late last year. The question is how much retrenchment will be coming from consumer. It is not impossible that the market will now discount a bounce in the fourth quarter and actually, after this retest, could be have quite well. I still have the 1526/50 in the cards in the next six weeks or so.
Zeev
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