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Things We're Hearing This Hour
With the market whooshing lower recently and the Dow now down more than 500 points, I wanted to pass on some of the things I'm hearing this afternoon...
- Italys largest bank - Unicredit - may be in trouble, sparking talk of another "Lehman moment"
- There is talk of big macro funds moving to "ultra defensive" positions
- We hear that countries such as S. Korea is buying gold hand over fist
- The latest dive is being attributed to "more of the same" from the President
Finally, while everody and their grandmother is trying to call a bottom, I will admit that this is beginning to feel like an "emotional washout."
So ask yourself: Have you thrown in the towel yet?
All the Best,
Dave M.
Chief Investment Strategist
Disclosure - Mr. Moenning and/or related companies own positions in the following stocks mentioned: none
S&P 500 - Intraday
S&P 500 - Last 3 Months
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