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Dow dipped 46 points. S p declined. 22 . This market can only focus on one bullish idea at a time. And it just feeds Everything Else to the hungry bears. Today the market decided that oil is going to the moon, because it did show a huge draw down. Actually, to be fair to the oil traders, it took crude up nearly 2, a reduction of 4. 5 million barrels. Its the second biggest in history. This reduction is amazing. No one saw it coming. Weve heard over and over and over again that theres way too much oil, so theres a gigantic fwru glut. Every now and then, some combination of countries had decided that oils fallen enough. You hear chatter about an emergency opec meeting or two Oil Ministers getting together over a cup of coffee, and it takes it from the low 40s to the high 40s. Before a new flood of american oil hits the market. Those past rallies were all big con jobs. But
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