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December 9, 2010

The Dice Are Cast

Neither gold not the dollar added anything meaningful to our analysis today, so I am going to focus on stocks and oil in tonight's letter. Despite the slew of ominous factors discussed in recent posts, equities tenaciously held their ground, managing to overcome a morning rally failure to close positive. Nevertheless, bearish signs continue to pile on. Dumb money confidence, our favorite indicator published by, popped above ...


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