U.S. equities continue to stagger around like a brave-hearted boxer who's taken a few too many shots to the head. They're not quite ready to keel over, but it's hard to shake the impression that one more stiff jab could knock them right over on their back, out for the count.As long as the November lows hold, however, the bulls still have a chance. So for everyone looking for any glimmer of hope that all is not lost, let me note that there is a compelling historical case to be made for at least one more rally.
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