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Mid Morning update

I was perusing through the many web news sites yesterday and I was just amazed at how much news and market stuff, most of it irrelevant, is out there. Wow-w-w!

The important news of the day though is that the Federal Reserve Open Market Committee has been meeting since yesterday with an expected policy announcement due today at 2:15 pm.
I was surprised again to see the Dow up 135 points as of 10:51 AM. I think what most investors and traders are looking for is an official announcement or wording from the Feds about the current recession's strength whether it was 'ending', 'ended' or 'ebbing'. You know a reason to continue buying or start dumping stocks.

8/12/2009 11:02 AM
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