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August 31, 2008
Ahead of us we have a week shortened by the Labor Day break and by the anticipated disruptions of Hurricane Gustav, so many traders will be trying desperately to stay in a holiday mood for just a few days longer instead of facing reality. The net result is likely to be a trading week that gets off to a positive if belated start, followed by some tentativeness on Wednesday, a big gain on Thursday, and a sobering drop on Friday. . . . (to read the remainder of this article, please log in below.)
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