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World Stock Markets Trading Discussion - Pawn shop patrol


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Looks like we have another rip snorter of a market today. From a trading perspective, 2377 looks like the key. If that holds bears then need to see 2360 broken with force to get something going. Conversely, if they take out 2377, first target range looks like 2388-90. 

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Lee, let me suggest the gigantic drop in excise tax receipts might be due to non payment. As in let's say, gasoline excise payments not remitted to the Treasury.  I know, it's a tin foil hat kind of idea and I don't know the mechanisms of such payments but let's just suppose some winks and nods from the administration and Treasury have been made signaling  that nobody is going to bother collecting them. 

 

It's crazy but there is no economic number I have seen that even hints of a reason for such a huge drop in excise tax receipts.

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