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John Donovan
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  • Jan 2011 - time for a rest 1 comment
    Jan 18, 2011 9:06 AM

    Permananent open market operations (POMO), also known as QE2 continues but may now be in a period of diminishing returns.  If there is such a thing as a perfect storm, might there also be a perfect day(s) for a parade?  Its been clear and sunny on Wall Street for a long long time. The market may take a break soon.

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  • John Donovan
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    Author’s reply » So far the SPX top is from Jan 18, the date of my last post, at 1296.06. That high may be taken out. Or will the Fed say something of interest this coming Wednesday to change all that.


    This article at Zero Hedge is interesting to say the least:
    24 Jan 2011, 10:45 PM Reply Like
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