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IN THE CURRENT
MONEYLETTER ISSUE!
Loosening The Bear Hold
We learned two things over the past few days. One is that Washington is not going to sit idly by and allow two key supports of the housing market to be swept away by a lemming-like market fearing the worst. Early on in this bear market we expected the Fed to act to save the day, and it did.
This time, it was the Treasury's turn to do the heavy lifting. The other thing we learned is that oil prices can go down, and that stock prices can go up.
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