The Wall Street Examiner’s Lee Adler goes solo today with the inside dope on why housing is near the bottom, but employment is getting worse, and tax withholding data still says the US is already in recession. These are all reasons why the FOMC will make a mean, futile and stupid gesture at the September meeting that should mark a great sell the news moment for Treasuries. He says that the Treasury will probably run out of money next week and need to borrow more than it has scheduled so far, which will put more pressure on the stock market. Finally, Lee tells why the stock market is at a huge inflection point and will have a really big move in the weeks ahead.
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