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Harvard Says “Double Dip” Coming
October 30th, 2009
Harvard University professor Martin Feldstein said this in an e-mail to Bloomberg.
“The danger remains of a serious slowdown after this and a possible double dip of the economy in 2010.”
This of course could be a very likely possibility, but I don’t think it would happen fast. It’s going to be a slow and methodical move lower that will PISS a lot of people OFF – except us bears. Anyhow, here is what we are looking for today – a move lower intially to around 1,055 before another launch higher to re-test the highs. Don’t get caught looking today.
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02-03 17:30
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| OIH | 129.44 | ||||
| GLD | 167.64 | ||||
| EDZ | 12.38 | ||||
| FAS | 90.80 | ||||
| DIG | 48.09 | ||||
| IWM | 82.95 | ||||
| DOG | 36.72 | ||||
| GDX | 56.44 | ||||
| XLB | 37.88 | ||||
| TBT | 19.25 |
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