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No coincidence here


Again, we are reminded how this works. Until very recently the geo-political focus was clearly on Iraq and our pending - I mean potential - action there. Then enter North Korea reactivating (or continuing) their nuclear program without anyone watching. Clearly, that put a new dynamic into the mix, and made going into Iraq uncertain if there was going to be a military issue with North Korea.

The entire geo-political spectrum made wanting to buy stocks pretty unattractive. Then yesterday the President makes a public statement saying that the issues with North Korea are diplomatic and not military. That at first is very good news on a variety of fronts. Ahhhhhh - but then today we are back to the reality of the Globe as the President again highlights the Iraqi "direction" and non-compliance.

As I outlined yesterday, just because the ISM number beat expectations and the markets are in the midst of an oversold bounce, it doesn't take away the main issues that have kept a lid on stocks for a long time now.

It is important to remember that as higher stocks prices make the New Year more exciting.
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In the twilight zone, watch psychology vs. price levels and moving averages
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