I’m puzzled by the market action in recent days. It fells that something is wrong, but I major move down doesn’t seem probable. The news and blogosphere are full of stories on Mr. Bernanke and AIG/Goldman Sachs/Societe Generale unwinding. Both are neither interesting neither useful in investing. Who cares what happened more than year ago, […]

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The market has come down slightly in last few days. Again, major theme was health of world banking sector.

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Despite better than consensus data on US housing suggesting recovery in housing prices and better than consensus consumer confidence the market failed to rally.

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