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Bear market
rally
Bear market rally today I think. Market surging nearly 3% on
poor data and pitiful volume.
There was a Reuters story earlier saying the market was surging
on "weak data spurs stimulus hopes", then the same story had its
headline changed two hours later to, "data points to economic
recovery" (even though the data showed continued contraction).
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Agree 100%. I too was observing the volume, it is meager
considering the big move. IMO, the market will continue to
look OK but the internals will be very mediocre.
Oil will eventually pass as the
problem the market fusses about but once that passes, earnings or
lack thereof will be the focus. I would expect another leg
down before the market stabilizes. Probably in April when the
next earnings begin.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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03/01/16 at 2:29 PM CST
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Volume across most of the stocks I follow continues to be low,
this, even after today's employment numbers which on the surface
looked good. Of course this may be solidifying the notion
that we are most definitely in a rising interest rate environment.
The market has to come to terms with that little fact.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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03/04/16 at 2:06 PM CST
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