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Fear and loathing on Wall Street
By Rob | June 8, 2008
I have no words. Oil killed our parade on Friday. As i ran into hedge fund guru John Henry, owner of the Red Sox at a private function, he mumbled: “Not a bad market if you are long oil”. Two charts by John Murphu below. Charts 1 and 2 show the Dow Industrials and the S&P 500 hitting two-month lows on heavy volume. That’s after failing at their 200-day moving averages in mid-May.
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