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IBDvalueinvestin (99.67)

Re-Test of May Lows is now a certainty.

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June 04, 2010 – Comments (6)

its just a matter of will it be today or Monday.

 

11:37 Euro ticks to fresh four-year low at $1.1993

The latest pullback in the stock market has coincided with further weakness in the euro, which is now -0.0155 at $1.2008/euro.

 

6 Comments – Post Your Own

#1) On June 04, 2010 at 12:06 PM, biotechmgr (34.53) wrote:

Better yet, you can have your last look at Dow 10000.

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#2) On June 04, 2010 at 12:25 PM, EPS100Momentum (72.49) wrote:

Companies that count on huge government spending are now at big risk of losing billions of dollars in contracts.

Solar, Construction, Biotech funding.

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#3) On June 04, 2010 at 12:35 PM, davejh23 (< 20) wrote:

The Euro has been artifically propped up in recent weeks.  Are they just going to let it tank now?  The trillion dollar bailout looks like a failure (was it ever even real?), the IMF is insolvent, non-eurozone countries are having failed bond auctions (may lead to default and influence the eurozone), British economists are recommending that Greece leave the Euro and default, and was it a Spanish official that just said there's nothing wrong with dollar-euro parity?  That kind of dollar "strength" (relative to the Euro) will drive the Dow well below 10K...

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#4) On June 04, 2010 at 12:37 PM, davejh23 (< 20) wrote:

"...artificially..."

 

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#5) On June 04, 2010 at 7:26 PM, MegaEurope (< 20) wrote:

If by May, you mean October, then yes...

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#6) On August 02, 2010 at 11:22 PM, MegaEurope (< 20) wrote:

Spectacular call by yours truly.

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