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BUBBLES, THE REVERSE WEALTH EFFECT, THE DOLTS AT THE FED AND EVERYTHING ELSE

ByGary Kaltbaum

First off, if nothing changes into the open, the DOW would have dropped over 2,000 points in just over 11 days. You never know when counter-trend moves occur. They do occur often from big down openings like today. We are never surprised these days by near-term reversals but can never predict one. Just stating facts….