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I hope you had your pepto bismol handy today, because today’s volatile market was one for the ages. Down, up, down, up then one more swoosh down brought the markets to new multiyear lows. This bear market is vicious and has swiped just about everyone involved. The action was downright scary now, breadth was weak and the VIX made a new alltime high. With that condition, option pricing is outrageous and trends don’t last long. Earnings season is upon us and promises to be exciting (yes, even more than this). Perhaps if the Washington people would just shut up, then stop trying to control the markets…then we may see some better action.
Fantastic day for Bagger and his friends! Closed trades today (opened yesterday):
October 08, 2008
7-7! Great profits for us, make sure you give the subscriber service a shot! You would have more than paid for it with just these few trades! See https://www.myhappytrading.com/Subscribe/Bagger+Vance.aspx for more!
Hit ‘em straight!
Bagger
Perhaps better times ahead for the bulls…
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
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