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Note to readers
Contrarian Chronicles will be on vacation until its next edition on Jan. 10, I'd like to invite readers to peruse my past daily columns at www.Fleckensteincapital.com. My most recent speech, "Is the Fed a Short Sale?", which I gave at the 2004 New Orleans Investment Conference, is also posted on the home page.

A complimentary username/password of free/free has been established to allow access to the site. I wish you all a Merry Christmas and a Happy New Year.