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Title : The Energy And Market Page, T+242 -- September 19, 2017
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The Energy And Market Page, T+242 -- September 19, 2017

Again? It looks like the market may open at new highs in a couple of hours. In the old days, a 75-point rise in the Dow 30, as it did yesterday, would have been noteworthy. Now 75 points barely represents a third of a percent. In fact, one of my personal favorite portfolios actually dropped slightly yesterday despite the fact the market rose. It concerned me until I checked the reason why. Shares in a couple of companies had risen quickly over the past two weeks, and a bit of profit-taking explained the slight drop. The point of all this: any rise or fall in the Dow 30 of 100 points is simply a "flat day" in the big scheme of things. Having said that, 100 points in the "green" is always better than 100 points in the "red."

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