The FRED Report

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The Fred Report - Monthly November 2010

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The SPY has broken above the 114 resistance noted in the last report and is consolidating. The consensus opinion is that “gridlock is good” for the markets. We believe it is, but that in harder to sustain a new upleg, a sharp corrections is needed. This could occur soon after the midterm election. Should our scenario play out, next year should be good for equities.


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