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What a pleasure


One thing is for sure Toddo --- you better keep an eye on Fokker. I am watching you too Fokker. I am watching you because you have a rare opportunity to learn about trading, the markets and life from one of the best. (Don't tell Toddo, but if you need anything let me know and I will try to help you out.) Either way nice sushi print!

I would like to thank Toddo and the boyz at Puglisi for the quality food, digs, people and mojo. I even met a real financial TV star - thanks for the time Rick! The greatest part of life is the people you meet, and it was great to see such a nice set up. Belly up to the bar, smiles are on me!

I will post an article in the Gazette tomorrow morning before heading back to CNNfn to act as guest host with Rhonda. Suffice it to say that very little that has happened today does anything to change my view that the markets are in a trading range and simply moving from the top end of the range to the lower end of the range. We defined the near-term range as 875-945 yesterday. Moving to the lower end of the range basically means a correction of 2-5% from current levels. Not enough to scream sell, but enough to suggest patience in buying the dip. The first move down (today) is unlikely to be the only day when working off the near-term overbought condition that Toddo and I have been pointing out in recent days.

In a world where everyone wants it black and white, the economic releases and earnings statements thus far suggest nothing but gray. It is dark gray when at the top end of the range and light gray at the bottom end of the range.
Daisy, Casey or Rhonda?! Talk about a lucky guy!
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