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Bernanke speech at Jackson Hole on Friday is putting downside pressure on the Dollar, as the markets open on Monday. Although, the Fed chairman did not announce a 3rd QE measure, he did hint at ‘various rang of tool’ that are available for the U.S to pursue. Also, U.S growth has been downgraded from 1.3% to 1.0% in the 2nd quarter.

Best Quarter in Several Generations

Posted by Spear Finance on June 30th, 2009

The end of quarter “window dressing” party is likely to disband over the next few days. If sellers do arrive, as we expect, be sure you respect your stops. Our best guess is that after posting one of the best quarters ever, July will be a down month due to funds taking profits.

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