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Closer to equalibrium


Today is a classic example of what yesterday's afternoon article meant. Intel 's (INTC) mid-quarter update was better than expected and was quickly indicated higher. That was quickly forgotten about because the monthly employment data was much worse than expected. Two key events that looked like they would dramatically move the market and neither have. Oh - throw in some key forced resignations of two key economic players in the Bush White House. All put together, so many "key" news items and very little movement in the market either way. Why?

Because the current environment is not dominated by fundamental factors as I outlined in this mornings Gazette. The supply and demand for stocks is closer to equilibrium than it has been in some time and as a result, movement should be +- 5% for the next few weeks.

Have a great weekend and as Toddo often suggests, leave the work at the office and live a little bit!
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