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In a Bear Market?

With no economic reports due out today, Bonds may take their cue from Stocks, which enjoyed a sharp rally higher yesterday - the Dow Jones Industrial Average surged 331.62, for its biggest one day gain since April 1st. It is interesting to note that spikes higher like yesterday are historically more indicative of Bear markets than they are Bull markets.

This entry was posted on Wednesday, August 6th, 2008 at 8:38 am and is filed under Market Update. You can follow any responses to this entry through the RSS 2.0 feed.

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