Yesterday, I noted the change in character of the market to rally in the face of additional negative headlines out of the financial sector. Well today, the market has a chance to show an additional change in character.Yesterday’s +3% rally in the indexes was the 3rd time it has done so in the last month. But the prior two instances had little follow through. On 3/11, the market surged but then went on to make new lows. And on 3/18, the market surged again, but gave half of it back the next day.So if the market can hold on to its gains today, that would mark an addit[...]
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[Source: The Money Blogs]
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