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Monday, August 5, 2013

August 5th, 2013

Laying down in bed on the iPad so no pics of charts to post today!

Mostly a quiet Monday anyway.  Today saw the least trading volume all year so far, and the markets experienced a modest down day.  Honestly I think they're due for a correction given the incredible up moves that have been taking place lately.  Not a whole lot of bad news rearing its ugly head, and gas prices have remained fairly stable so there's not been any undue stress put on consumers either.

We are winding down some majorly positive earnings reports too so I think that as earnings season closes, we may see a pullback simply because supply and demand requires it.

Of course the talking heads on tv will come up with a reason for the coming correction but hey... If they were any good at this they'd be retired instead of on tv.

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