This column was originally published on RealMoney on Nov. 2 at 11:35 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.On
Getting BetterSince then, the market's tone has becoming increasingly firmer. The many technical, internal and seasonal factors I track suggest that a modest, short-term, "tradeable" bottom is being formed.
|Going to Extremes |
The spike in Nasdaq 52-week lows has reached levels that in the past have been good buying junctures.
|Click here for larger image.|
|Source: Redwood Technimentals|
Parting ThoughtsThere's an old saying: I cannot hear what you are saying, because what you are doing is speaking so loudly. That's my take on the Federal Reserve: If it really believes inflation is so "contained" and "transitory," then why is it hell-bent on tightening rates for the rest of our natural lives or until the next recession, whichever comes first? The answer, in case you haven't been paying attention, is the
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