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Treasury Pulls Fed Punchbowl, But Russ Winter Takes Some Puts Profits

November 14, 2012By Lee Adler

 

Lee Adler explains how the Treasury stymied the potential bullish effects of the Fed’s first QE3 purchase settlements. Russ likes the bear’s chances but he’s been short for a while and explains why he’s taking some profits. Those discussions, the market outlook, and more are all discussed in this information packed 17 minute podcast.

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This is a subscriber only podcast, subscribers may click here to listen.

If you are not a subscriber, click here to access the Wednesday, October 31 podcast. Also check out Russ Winter’s Daily Rants available on the Radio Free Wall Street home page and at Winter Watch.

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Not a happy day for the Aussie market although volume was low. The Index closed -0.9% led by Gold -3.2%, Miners -2.2% and Materials -2%. Telecomms +0.5% was the lone green.

 

Over in Asia, China -0.6%, Honkers and India -0.8% with Nikkers going the other way, +1.7%.

 

 

On to UK/Europe:

 

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Good to have you back at the Stooltrols Aussie-

 

Sad to hear of your loss.

 

Think this is perhaps the most inspiration song ever from Oz.

 

Inspirational because it is a true story.

 

Hope you enjoy it, Aussie-

 

 

 

CAUTION STOOLIES: If you have never heard this tune before, it may become an earworm.

 

Lyrics-

 

http://www.lyricsmode.com/lyrics/p/paul_kelly/from_little_things_big_things_grow.html

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