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Bernanke’s Last Stand Is Playing Out In Front of Us Right Now
Graham Summers * Phoenix Capital Research The winning streak for stocks broke yesterday, with stocks posting a small drop (just 0.3%). We had forecast a summer rally a few weeks back and sure enough stocks have put in a 10-day winning streak. The important line to watch is lined out below. Bernanke’s verbal intervention managed to kick off a rally when he spoke after the market was closed on Wednesday.
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