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CENTRAL BANKS EURO STICK SAVE

|Includes: AAPL, DBA, DBB, DJP-OLD, EEM, EFA, EPI, EWA, EWC, EWG, EWJ, EWU, EWY, EWZ, FCG, FXE, FXY, GLD, HYG, IEF, IWM, IYR, JJG, KBE, QQQ, RFXI, RSX, SLV, SPDR S&P 500 Trust ETF (SPY), TLT, UGA, USL, XLB, XLE, XLF, XLI, XLU, XLY, XRT

  

 

Evidently central banks, including our own no doubt, like a weak dollar. So with markets on edge, central banks stepped-in with rumors of intervention against the rising dollar. This led to a reversal in stocks as a weak dollar has been supportive to U.S. stocks. (This, ladies and gentlemen, is done while articulating a strong dollar policy.) But, stocks were oversold anyway so a rally was due as we suggested Wednesday. Let's not forget quad-witching is at hand Friday to put a bow on a volatile week.

The 3 PM rally in stocks occurred just after rumors rallied the euro. You see the banksters don't really have to do anything just float the idea.

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