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03-04-2010, 08:20 AM
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Bullish Stance Today, But Watch Out For Interest Rate Announcements From ECB And BoE
ISM Non-Manufacturing better than expected at 53 (highest since October 2007) and the Fed's Beige book showed improvement in 9 out of 12 districts, despite adverse weather conditions. VIX edging lower, CDS prices stable-to-downtrending and credit spreads narrowing. We have a buy on dips stance on equities today, but we...
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