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Friday 07/09/10
07.09.10 MORNING MARKET UPDATE at 10:47 AM EST

Nice rally over the last two days so we should be looking for a bit of a rest here.

Earnings is upon us and I do believe we will have another strong season, but as I have said, it is the GUIDANCE that will now be more important than ever. Industry sentiment about the coming 2 quarters will take on just as much importance as the current statement of quarterly earnings.

Henry Ford
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