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August 9, 2010

Non-Events

I frequently opine to readers that news events rarely effect what the market does, but rather the market uses news as an excuse to do what it already wants to do. It is, of course, easy to relax one's perception to the point of seeing a false cause-effect relationship when the markets so often spurts in one direction or another directly after a headline hits the wire. However, if one ponders ...

 

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