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August 2013
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Morning Market Briefing – Wednesday – 08/28/2013

Yesterday’s market blood bath was relentless. Throughout the session, broad-based selling resulted in the major averages settling on their lows for the day. The market makers prayers to the war god were finally answered. They needed something, anything to create enough fear to increase the trade volume. Nothing hurts Wall Street profits more than stagnant, unsure, timid, low-volume markets. The probability of U.S. military involvement in Syria was the jolt required to move the market. […]