Signs of Fatigue
That is exactly the way an overbought market is supposed to act: Even amid good news, it stays in check. Much in the way the market shrugged off bad news earlier in the week, on Thursday three central banks join the easing party -- and the market tried to rally, but exhausted itself and failed to hold it. It is simply overbought.
We saw the first signs of fatigue in the market Thursday. It wasn't just the inability to rally on good news -- it was that the Dow Jones Transportation Index is still under its high from two weeks ago. I am cheering for the index to take out that high, but it's disappointed me thus far....351 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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