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Big Ben disappoints in speaking role . . .

The markets held on to moderate gains for most of the day today, until it was clear that Big Ben had no fairy dust to distribute this time, and that the American economy really is in the crapper. Then it was right back to yesterday’s lows:

VIX fell to 18.07, though, and was trading in the 17’s for most of the day.

Are we set to resume plunging tomorrow? Only time will tell, but remember my prophecy that the 200 day moving average will be touched this summer — it’s now only just 34 points away:

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