Scatablog

The Aeration Zone: A liberal breath of fresh air

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Tuesday, August 09, 2011

The Market

I used to believe the efficient markets hypothesis -- at least in its weak form. But, God knows what to make of today. Up nearly 200 points at the beginning, down 250 immediately after the Fed dropped the bucket, and now it closes up 430. If this were a car driver, he'd be arrested for driving under the influence.

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