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Wednesday, December 03, 2008

Dow down 100 points as of 1"50 pm. News item that the Port Authority went to market to sell some short term paper and got no bids. Not sure if thats the reason for the sell off. MLPS selling off with the index down 2.50 and under 170.

It could also be selling ahead of the beige book which comes out at 2pm. In which case unless its really bad the market could rally once the book comes out.

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