Some mildness was reported in the CPI but many are questioning the numbers as it showed decrease in gas prices which raised some suspicion in the number itself. As I have been saying I would love us to rally to the 1378-1400 area on the S&P so I can short and sit back as I do believe the path of least resistance is down. If we do get a lift today next week alot of shorts might cover into options expiration.
I think they are still trying to save the investment banks but who knows how much it will do.
Will be back after the open
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