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The Fed reduces their growth forecast and the markets correct. We will keep our core positions, reduce some risk and keep adding to our longer-term plays.

May 21, 2008

By Horacio Marquez

Email – #177 ** The Fed reduces their growth forecast and markets correct. We keep our core positions, reduce some risk and keep adding to our longer term plays. The Fed released its Beige Book, which showed a deteriorating economic outlook – this contrasts with recent better-than-expected economic data.  More troubling was the fact that they see [...]