NASDAQ’s Not-Meaningful Drop

By Tim Knight

At first glance, it would seem the swift swoon on the NASDAQ was kind of a big deal, since it’s been such an unstoppable monster lately.

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But in the grand scheme of things, it’s nothing. Unless we break 7000, the bulls are large and in charge.

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Of far more concern to me is bonds. If this base completes and starts flying higher, the core of my thesis is in trouble.

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Gary

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