We are channeling as I had indicated that we would do. I feel that we are in for sideways trading for much of the remainder of 2010. An escalation of the European debt crisis and a worsening of the Korean situation could change that so it may be prudent to remain hedged on your long positions. Next week presents a bevy of economic news which could move the markets with Case-Shiller, Consumer Confidence, Construction Spending, Auto and Truck Sales, the Beige Book as well as Nonfarm Payrolls
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