The Underlying Force of the Oversold Numbers
As usual, the market is doing the unexpected -- at least from the viewpoint of very logical market fundamentalists. The consensus was that we would see a flood of selling after Hurricane Sandy's damage and the trading hiatus.
Instead, markets opened strong and even the subsequent pullback was mild. But the underlying force was the very oversold numbers. In the last week, enough stock was emotionally dumped to create a countercurrent, regardless of the news....353 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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