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About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Thursday, April 09, 2009

Stock Market Quickie

The SP 500 closed today at 857 on the SP 500. So the rally has
pushed on and is now in the 850 - 900 range I have been
envisioning for a couple of weeks. So far, the uptrend has been
steep and persistent enough not to let cautious guys waiting for
a hefty pullback to get in. I have heard every argument in the
book to fight the tape and even some of the pundits are fighting
each other in print. Interestingly, the market did take out
another important downtrend line today.

I am planning a nice three day weekend and do not intend to
think about it until next week.

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