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WAITING FOR THE BEARD


December 15, 2009

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WAITING FOR THE BEARD

I usually don’t post on the day before a Fed announcement as generally there are reactions to it.

 

Volume was light and investors sold financials (credit card debt write-offs not to mention secondary and dilutive share offerings from WFC) rallied the dollar, homebuilder woes continued, the PPI was a disaster (even at the “core”), and interest rates rose.


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