Thursday, May 05, 2005

DEBT BOMB

Greenspan warns on FRE and FNM again

NDX right to underside resistance. DOW broken thru....could the NDX not confirm this move? I am reluctant to say so because of volume and breadth of the move.

We might be looking into summer for a final top....wouldn't surprise me.

Defensive stocks should outperform, but a traders market it is.IMHO

D

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