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Monday, August 02, 2004

I give up 

Yesterday I assumed (er, predicted) that the new terror warning would have a detrimental effect on the markets today.

Well, the Dow rose over 39 points today, and the newly threatened NASDAQ rose nearly 5 points. Citigroup, one of two companies specifically mentioned as a target, went up 6 cents. The only target whose numbers fell today was Prudential, by 46 cents.

It's official: I don't have the foggiest idea what drives the stock market.
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