Brother, Can You Spare a Dollar Store?
While there has been some stabilization in the general market in the past two weeks, market participants are still hesitant to engage in a significant way.
Volume has been light and the recovery to this point has looked more like an oversold bounce. When we look at a comparison of the major indices from a price configuration and a performance standpoint, relative outperformance from the larger-cap indices continues compared with the secondary indices. Specifically, the S&P 500 has had a stronger recovery following a shallower decline when compared with the Russell 2000. This suggests that participants are still very risk averse and focusing in the larger-cap, more defensive and dividend-yielding stocks. This attitude could all change with a piece of positive news from Europe, but for now, the market action suggests participants are not ready to increase exposure into more aggressive stocks....357 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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