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The world’s problems disappeared, magically and overnight. Last week we saw three major rallies. The first was in the S&P 500; the second in the Volatility Indicator (VIX), and the third was in the Euro. It was the latter that [...]
About this time last year most people were in one of two camps. Half were scared the financial system was going to collapse. The other half believed that it already had collapsed. It wasn’t pretty. Big names Wachovia, Fannie Mae, [...]
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