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Was anyone else surprised at how the indexes held
up this week in the face of Oil continuing its relentless rise and some not
so inspiring earnings reports? Maybe it's just a pause before
the indexes head lower but I thought it was rather odd.
I also heard a trader on CNBC state that he
believes oil is within a week or so of a top, and the reason he cited was the
current relationship/spread between the front month and outlying months.
This is beyond my area of expertise so I was hoping some others would share
their views.
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