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发表于 2009-11-4 04:08 PM
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The stock market is buying the future, not what happen now. What happen now, it was priced in with such huge rally. That's why MM used the good news to unload their chips. Remember in March, the market was all bad news but the stock market was up, up.. because they were expecting today's outcome. Big corporates posted gain by cutting so many jobs. But how many more workers they can cut? The earnings will not be substantial. |
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