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Bear Market Rally or Oil Deflated Inflation?

Thursday, 14 Aug 2008 | 7:12 PM ET

The U.S. market closed Thursday up despite higher inflation data. Is this a bear market rally or are investors looking at inflation through the rear view mirror? Jack Bouroudjian, chairman at Capital Markets Technology and Steen Jakobsen, global head of asset management, executive director & CIO at Saxo Bank share their views with CNBC's Martin Soong & Amanda Drury.