23Abr - David Nichols Morning Briefing
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23Abr - David Nichols Morning Briefing
"For whatever reason, the S&P 500 is attracted right now to the 1140 level. I've written before how this seems to the "home" number for 2004, as the market has spent most of the year within shouting distance of this level. We can assume this is the market's version of "fair value" until new and important information comes along. But right now, if prices stray too far away, they invariably come running right back to this home number."
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