This morning the economic news was bad. The market is going up anyway. BREAKOUT, BREAKOUT, BREAKOUT!
Today's action is "bull market break out action".
If you can add money to your accounts, now is the time to dig deep. In case you have not heard, the FOMC took off the brakes by lowering the Fed Funds Rate twice in 8 days time by a total of 1.25%. This is a massive shot in the economic arm. For the first time in 19 months banks can profitably "borrow short to lend long".
BUY, BUY, BUY!
Thursday, January 31, 2008
BAD NEWS BREAKOUT-BREAKOUT-BREAKOUT
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