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Wednesday, February 11th, 2009
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Good Morning!
The stock market handed Secretary Treasury Timothy Geithner a resounding vote of no confidence yesterday, reacting to a plan it deemed as vague and inadequate. Despite this reaction, we remain relatively optimistic that we are MUCH closer to the bottom than the top of this bear market. That said, we are retaining a good level of cash in case the bear has more room to run.
Dennis Fagan
Chris Fagan
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