Monday, November 12, 2007

It was "Just a guess."

Yesterday's Eyes Not Sold post, "Hypersensitive market week ahead", has a title that is unquestionably correct and a theme, "the markets are extremely unsettled", that was borne out by today's market action. The suggested scenario for the trend of today's trading, however, was unfortunately the opposite of what actually happened. The market was not exciting but modestly positive in the morning and sold off in the afternoon, dramatically so in the last hour of the market day. As the disclaimer says, comments here "may not be correct".

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