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| Bill Cara's Week in Review #6, 2012 Posted: 05 Feb 2012 10:08 AM PST [1:31pm ET] Friday helped kick the US equity market into over-drive after a smoother climb earlier in the week. After months of being told the US economy was about to collapse, traders now see the writing on the wall: For several months, as prices wallowed at intermediate cycle lows, they were tricked into deferring equity and commodity contract purchases as the economy was in fact strengthening and they should have been buying. Now, albeit a little late to the party, they are chasing prices with a 'risk-on' mind-set – doing all the things we repetitively state are wrong. |
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