Friday, May 25, 2007

Was The Market Reacting To Greenspan?

If yesterday's dip truly was a reaction to Greenspan's China comments, rather than a more natural need for a correction, I think we are going to see the garden variety one day big dip I spoke of last night, followed by a resumption of the prevailing trend. Barry Ritholtz lays out out quite nicely in this article.

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