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August 1, 2011

Planting Stakes

The gains enjoyed by equities after a debt deal was announced certainly fizzled quickly. A 20-handle overnight pop for the spoos swung to a 20-handle loss by late morning. After dragging along the lows for most of the afternoon, stocks then mustered a rally to bring the S&P 500 nearly back to flat by the close. In fact, not long after the close, futures were ...

 

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