The market opened under further selling pressure this morning, but has since recouped its losses and moved back into positive territory. I would not be surprised to see a ’turnaround Thursday’ today, given how oversold the markets are short-term and how bearish sentiment has become.I thought yesterday might see a rebound for the same reasons, and it was looking like I might have been right, but a midday turnaround in oil prices that drove them from under $133 to back over $136 killed any rally attempt and led to further selling into the close.Today’s action looks more [...]
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[Source: The Money Blogs]
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