Mortgaging the Future
The market is doing a fine job of shaking off a slow start and weaker-than-expected consumer confidence. The old adage "Don't short a dull market" comes to mind as buyers step up and leave the bears frustrated once again. A case can be made for a slow drift lower in this atmosphere, but it looks like the bears are fodder for another short squeeze.
Despite the gloomy confidence numbers, there's relative strength in retail again. That has been a leading sector lately, and seems to reflect a level of optimism that is not showing up in the economic reports....144 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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