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Graphite
December 22nd, 2009 at 5:56 pm
I find the reaction to the DXY/SPX decoupling especially interesting. There seems to be a lot of unanimity that however it resolves itself will include stocks melting higher (including across bearish blogs).
Mike
December 22nd, 2009 at 6:05 pm
Yeah, but if you look at the ‘07-08 topping process, NDX tended to outperform on rallies just as the markets were rolling over (Oct ‘07 through August ‘08).
Graphite
December 22nd, 2009 at 6:09 pm
Agreed. I have some fond memories of a coworker of mine pointing to a WSJ cover featuring the vertical line of the RIMM price chart back in 2007.