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Global: Dead Cat Bounces
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Global: Dead Cat Bounces

Our Correspondent
Nov 16, 2007
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Global: Dead Cat Bounces
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Global: Dead Cat Bounces

We hope that you have used the last two days to unload into strength. We have! We allude to the cookie-cutter approach to investing: people take any bit of news and make it either "good" or "bad", depending on the market's subconscious.

This is what is happening now: everything is "good", so "buy". The one statement that Goldman’s…

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