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Insiders Club - 10.28.2015 Bookmark

10.28.2015

Good morning everyone, welcome to Wednesday already. My my does the time fly by....

Yesterday was just abject funny in a very perverted way. I had said that they'd defend 2060 on the S&P and they certainly did. And, they did it in the face of an avalanche of lousy news. The durable goods numbers were horrid. Oil plunged. Goldman lowered it's 3rd Quarter GDP forecast from 1.2% to just 1%. IBM announced another 4 billion for stock buybacks, while at the same time announcing they're being investigated by the SEC for the way they account for some of their revenues.

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