The market is close to bottom (at least short term)
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送交者: wanglee 于 2008-01-22, 13:55:09:
Two signs:
1. big drop then come back. which is bullish sign.
2. The mortgage rate dropped. Even though the FED had lowed the interest rate 1 PT , the mortgage rate had not dropped at all(it actually went higher). But it dropped today with this new .75 drop, which make a big difference.
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