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Wednesday, November 08, 2006

Market Update

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Mid-term elections in the US: The senate is up for grabs (at least a 50-50 chance for the Democrats), but the Democrats are winning the House big-time.

Fixed Income going higher, discounting better fiscal disciplin with the Democrats being able to block some of the planned growth in government expenditures.

Stocks edging higher. US looking to make new highs.

Crude Oil sold off yesterday. Soon looks like a good entry point on the long side (again).

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