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Closing Update for Friday, August 21: New Highs for 2009 [View article]
Ben B is fighting to show Obama things are getting better under his hand. Very probable since he has spared no dollars.
The Need for a strong setup for the fall months is obvious. Go in fat and see if you can weather the fall storms.
The lack of final demand for goods and services is never the basis for a major expansion of multiples. We have a sheet in the wind and our growth, GDP, may look better for a while, but without jobs just expect nothing to last. More stimulus by late fall and so the sick man limps into the winter looking for an honest recovery.