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5/9/2008
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Latest Commentary Equities remain in a bear market, and the evidence still suggests that the current rally is nothing more than a bear market rally. The rally has been fueled by the “worst is over” crowd as the Fed has acted decisively to restore confidence in the markets. Yet for every action, there is a reaction, and in this case, the Fed’s easing has fueled inflationary concerns. Gold remains in a bull market, and the recent sell off makes for an attractive entry point. more... |
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