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Le Cafe Americain
Published : August 15th, 2014
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GoldWire
Stocks managed to build on their rally, despite some particularly ugly macroeconomic news this morning.
I seem to recall saying that it is hard to be too cynical about this market. It is running on low volume and algorithms that are largely focused on the short term technicals.
It is going to take something of significance to shake Wall Street out of its narcissistic love affair with itself.
Today President Obama announced that he is relaxing the
restrictions against lobbyists directly occupying positions of power
on Federal advisory boards for government policies. Perhaps he just wants to cut out the middlemen.
How fitting that the Sun King announced this from Martha's Vineyard.
As a reminder, tomorrow is an option expiration for stocks.
Have a pleasant evening.
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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