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The bulls won the tug-o-war yesterday as they battled the bears pushing the S&P 500 above and below the break even point for most of the day before the bulls pulled out the win with a modest 10-point gain. The Dow fought off a 140-point early loss to close with a gain of 19-points but it was actually negative with less than a minute left in the day, so it was basically flat. The I fund lagged as the dollar rallied again. Bonds were up modestly.

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