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Market Speculator back in action

It looks like the Market Speculator, a favorite blogger whose, er, speculations are always interesting to follow is back in action this month after a season on the sidelines.

On August 5th Market Speculator posted four new long positions (which he apparently still holds). One of his new longs was the American market in general, represented by SPY:

The arrow shows the speculator’s entry point. Looks like he’s had a rough ride so far, at least on this one!

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