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Markets Down Hard

Wednesday, August 11, 2010, 12:59 PM
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I'm opening this thread up to discuss today's market actions. There are plenty of cross-currents out there right now, and things are tricky to read, especially if one is trading.

The supposed reason for this downdraft is disappointment in the Fed's actions…too cautious and stingy for a market that had priced in some more thin-air money.  Maybe a lot more.  Here are two quotes that capture this sentiment:

 

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