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Saturday, November 7, 2009

Fresh from the Desk of EWI

Finance's Euphoria: The Epilogue -- What Record High Dollar Volume of Trading Says About Confidence
By Steve Hochberg and Pete Kendall

When Wall Street’s total value of assets rose to a “mind-boggling 36.6 percent of GDP” in late 2006, The Elliott Wave Financial Forecast published a chart of U.S. financial assets literally rising off the page. The picture of the mania was clear. Now, new research shows that dollar trading volume has -- gulp -- surpassed the euphoric extremes of 2007. Examine these two eye-popping charts and read the analysis behind them now -- they're yours for free during FreeWeek. Read More

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