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| Stocks etc. - Feb. 17, 2004 |
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It's been a while since I've published a "by-the-numbers" market missive.
I'll have one of these out later today, since it looks to me like the stock
market in particular could be at or near a very important inflection point.
On prima facie examination, the bullish camp should be in control of
things this week. There's an expiration on the immediate horizon, and these
events, by design, are meant to "help" the equity market to higher levels. In
addition, there is now at least a hint of M&A mania returning to the marketplace.
As I write this, preopening futures are significantly higher, so stocks
are likely to open strongly to the upside. The bad or potentially bad news
comes if strong gains fade going into the close. More later!
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