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Published on: Monday, May 04, 2009

This from CNBC deserves to be promoted: “Traders have been encouraged by economic reports all week, including the drop in jobless claims Thursday and the paring of inventories in the GDP report Wednesday, which was interpreted as a sign that a build in inventories may be coming.” And how about this one for good confidence-building reasons: “Consumer confidence soared in April to its highest level since the September failure of Lehman Brothers, according to the Reuters/University of Michigan final reading for April. It also marked the first year-over-year increase in the indicator since July 2007.” 


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