Where were the olympics in 1932, lol.
I don't know but it didn't help.
Did you notice the SPI jumped to a 36 pt premium yesterday.
As usual they got it wrong and is nearly always a gimme.
As far as my longer term view. I see Oct/Nov as an important low although it may continue into March 2008.
A major low I see for 2011 (down 40% at least) but probably most of 2008 and 2009 will be good.
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