Some Weakness Sets In
This is the worst market action we've seen in some time. The major indices aren't even down 1% but breadth is better than 3-to-1 negative, and all major sectors are in the red. There has been no dip-buying interesting, and market players appear hesitant to rush in.
Since this is the first real pullback in a while, the psychology strongly favors some dip-buying. No one has been burned by buying weakness yet, and there is a very large group that has missed out recently and has been hoping for weakness to buy....117 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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