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SOX is already at the top of its recent range. If SOX is a leading indicator (which seems as a stretch, it is just have high beta) I would rather watch it retesting last low around 200 and if it had held that could be a big promise for a whole market.


A massive bearmarket rally w/ govt sponsorted brokerages like GS using funny money to speculate and recapitalize banks' balance sheet that are essentially insolvent..
The financial sector is a huge albatross , a sheer waste that needs massive trimming down before US economy can grow. This sector needs 30-50% reduction...it is highly bloated inhibiting US growth and engaging in mindless casinolike shuffling useless papers and tradeing derivatives from each other. I have more respect for a burger flippers.

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