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I think it's always good to look at gold:oil and dow:gold for a long term valuation gage. We're gonna give back our wonderful gains from yesterday, this move was all mechanical and options expiration related.
Well said! Most people do not understand or appreciate the magnitude of the current consumer debt ratio. CNBC never talks about these important issues or if they do, they don't for very long and tell you to get bullish.
We are seeing a light volume move up while the professionals on the floor sit on the beach. We will likely see a correction of great magnitude once the big boys return.
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