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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.
In the twilight zone, watch psychology vs. price levels and moving averages
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