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Laszlo Birinyi, the Hungarian famous for discovering such curious novel uses for a ruler such as i.e., a stock price forecast device, has just officially reached over into the twilight zone and pulled out his forecast for the S&P for 2013, September 4th to be precise, not 3rd not 5th, and it is, hold on to your hats, 2,854, or well over a double in just over 3 years.
A little over a month ago, Zero Hedge started an avalanche in the financial sector, and an unprecedented defense thereof by the "independent" financial media and conflicted sell side, by being simply the messenger in pointing out that the gross exposure of one Morgan Stanley to the French banking sector is $39 billion.
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