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Monday, May 10, 2010

Pre market euphoria

With the IMF deal, the futures for the Dow are up over 400 points pre market. To say the least, this is overdone optimism. Yes, it is true that the world does not seem likely to come to an end today, but the folks who push these futures with their buying seem to be in a panic. No one wants to miss out on a big rise in the market. It will be interesting to see how long after 9:30 this optimism lasts.

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