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Author: AdvanceDecline Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455728  
Subject: Re: FOMC Minutes For Last Meeting Date: 1/3/2006 3:25 PM
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<nd the market shot up on this news?
up some 120 points from the day's low.
I do not get why the market shot up on this "news".
Ti>

It was oversold to begin with and would've rallied regardless of the
news. We've known for sometime how many hikes Greenspan has planned
and confirmation that the hikes are coming to an end is bullish.

If you think it's going to crash hard sometime this year, expect it
to rally hard too.

I'm keeping a close eye on things but I wouldn't be at all surprised to
see the S&P in the mid-1300's soon.

Take a look at a historical chart of the S&P 500 from 2000. After January when most timers had exited the market it continued to rally
to 1527 close to the middle of the year.

The yield curve and interest rate hikes did nothing.


My $.02.

-AD
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