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Monday, October 20, 2008

S&P 500


This chart demonstrates the extreme volatility in the market during the month of October. My sense from the last several trading sessions is that volatility is subsiding, although it still seems surreal to say that, i.e. it's not normal to feel like a 200+ point move in any direction on the Dow is a "flat" day. Buffett is a long-term buyer, and so I am I at these levels, but only on dips. I especially like RIO at $11.50 or better.

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