Wednesday, December 22, 2004

SLOWEST RECOVERY DEPENDS ON DEBT

http://www.bloomberg.com/apps/news?pid=10000103&sid=aKBVSSyY3nL4&refer=us

Markets are showing highest bullishness since 1987 on several polls. Markets bested their 2004 highs yesterday on lackluster volume and breadth.

IMHO lemmings are being set up for a significant decline which may rival 2000-2002. Seeing how far rally has come, I choose NOT to chase it.

Duratek

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