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FLASH COMMENTS:

The oversold condition that I wrote about in my last note was combined over the weekend and this morning with some rumor and hope that the FOMC is about to cave in and end its inflation fight.  No disrespect to the doves/bulls, but everything I look at suggests this is highly unlikely. 

Why do I have this view?  I am reminded by my main economic sounding board (SR) that 1) the U.S. economy is not broadly cratering; 2) core inflation is still high and will likely be a cha...

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