The Fred Report - Weekly November 15, 2010
The stock market dropped off at the end of last week and our opinion....is that we will rally into options expiration. Our accumulation model(for fixed income) has fallen apart completely, suggesting that bonds will under perform into the end of the year. We will use this sharp drop to add to commodity positions for a yearend rally in these markets. The dollar remains weak and in a downtrend, oversold bounces such as this to the contrary.
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