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In the meantime the stock markets surged again yesterday in the US - in London the FTSE is more or less flat - up 6 points at 3863. We are stil confident this rally will soon fizzle but it may get as high as 3940 on the FTSE and 800 on the S&P before turning back down to revisit the lows. Of course if the markets get through these levels then we may have to re-assess our assessment !
We are of course just guessing, like everyone else. Like Russell Brand said "people in the City get paid millions for paying guessing games ".
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