Tuesday, September 2, 2008

Today's market action not good

Today's stock market action--rising fast on good news about oil, then failing to sustain that rise, is not healthy. Particularly after last week's drop.

The market has been due for a huge 1-day drop for a long time. Several have started but been actively circumvented by Fed action (surprise announcements during trading hours, the Bear Stearns weekend agreement) but they can't hold the dam back forever.

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