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Last Week in the Markets: A Look Back to Help Assess What Might Be Ahead

Foreword

"Last Week" is an examination of the week that was in the financial markets, in an effort to help assess the prospects for the week(s) that will be.

Summary

Is there any level to which Wall Street's corps of ultra-greedmeisters won't sink in its incessant mission of promoting unquestioned stock-market bullishness? There must be some point beyond which even these people will not go. However, it was just the week before last when they put on one of their more vile displays in recent memory.

And speaking of displays of less than stellar quality, how about the one put on by the US Labor Department last week? When, on Thursday and Friday, some of Washington's more audacious bureaucrats informed the American people -- with a straight face, no less -- that there was no consumer- or producer-price inflation in June! Wanna bet on that?

Continue to Gillespie Research for the balance of the essay: http://www.gillespieresearch.com/cgi-bin/s/article/id=608

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