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Mascoutah, Illinois | It is the first day of a new month on Monday meaning new managed money must be invested. A majority of the time markets are up the first day or two of a new month. If we see a "red" or down day tomorrow, I would start to have concerns. At the moment, we are hovering near the highs which means only a small few are trapped at a higher price. If we leg down, it will take quite a bit of sideways action or "grinding" to eliminate the hot money versus the invested money. | |
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will
