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d0lphint0m

08/08/11 9:34 AM

#105710 RE: aredrooster #105709

1165 on the SP 500 is the 2008 low and expect that will hold for a bounce. Treasury yields are actually down...which is a good sign for the market.
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sarshee

08/08/11 11:15 AM

#105727 RE: aredrooster #105709

It might have been if there hadn't been the down grading of Fannie Mae today. IMO that was long overdue.If the S&P doesn't hold 1165 as Tom says look for 993.5 unless Bernanke announces QE3 tomorrow. jmho

browndawg.