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Friday, March 29, 2024

Dave’s Daily

MARKET COMMENT

Dave Fry’s ETF Digest, September 8, 2009

UNLIKE COMMON SENSE THE TAPE IS REAL

Well, no, the tape is reality for most of us and bulls still have control of it. It just may be a case of making hay while the sun shines given low cash yields and liquidity still with financial institutions. Gold and the dollar are sending another message and in their own ways may be acting as portfolio insurance for stock risk takers.

Traders followed-through from Friday’s rally and were encouraged today by M&A activity surrounding Cadbury and Kraft. Meanwhile commodities rallied and China, in a look left run right deal, discusses buying US real estate assets.

Volume was ultra-light once again but they don’t report that on your month-end statement do they? Breath was positive. 

 

More Dave’s Daily here.>> 

 

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