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MysteryTrader's Commentaries

Sep 6 2006

downside risks loom large

by MysteryTrader
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News this morning that unit labor costs rose at a larger than expected 4.9% rate might be enough to end the recent unconvincing upward price drift on very light volume.

I think that the downside risks loom much larger than any upside rewards…so I am selling short.



Tags: economic-events
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