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Friday, August 27, 2010

Markets are apparently okay with the Bernake view that the fed stands ready to continue to push on the string if it needs to. That and he sees the US Econony growing in 2011 and beyond (try not to laugh)...dow after an initail drop is now up about 120 points. Rates are moving higher by 10 or so basis points and the mlp is lagging up up 1.66 at 321 and some change. Looks like markets finally have something to trade on to move higher and thats all it is so far. 9800-9900 was the last bottom on the chart so we did make it to the bottom of the recent range.

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