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Tuesday, December 11, 2007

Market does not like the fed action of 25 and 25 on fed funds and the discount rate. Dow off 200 pts from the highs and down 165 on the day. MLPS still higher but well of their highs. We actually were closing in on a 2 point gain on the index before the fed news and we are now up 0.69. But this is still all the reflex trading. We'll await the last hour!

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