Today was another disheartening session where the indexes worked their way slowly lower into the close. Right now, it seems that this market is being driven by the technicals, and both good news and bad are used as a reason to sell stocks.Sentiment was highly bearish today. The VIX surged +7%; the ISEE was near a record low at 56; and the CBOE put/call finished near 1.41. Also, the markets are now deeply oversold, making a near-term bounce more likely.We have started to get more calls from clients concerned about the[...]
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[Source: The Money Blogs]
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