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Stocks were up modestly on a quiet Monday on Wall Street. Yeah, right. What a day! The Dow traded in a 1300 point range and closed with a 99-point gain on very high volume. Most of the other 1200 points were on the downside as we had a powerful positive reversal day. Small caps, which had been beaten up the most, recovered the most and tacked on a big gain. The I-fund lagged as we might expect with the dollar down and the U.S. indices rallying late. Bonds were down.

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