Stocks Can Not Hold a Bounce from Extremely Oversold Conditions
October 14, 2008
Once again stocks show their true colors in higher volume. The stock market continues its extreme weakness as traders failed to keep stocks above water. No matter what the world governments will try to do to prop up the markets they will fail. Markets can not be helped, the natural cycles of the economy will continue to happen and there isn’t anything our government can do to fix it. Rather than price fix, governments should stand out of the way and let true Free Markets work. Our stock market will head lower as it works out the massive deleveraging process.
It will take considerable time to have new leadership emerge, but more importantly a new bull market. Cash continues to be king.
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Stocks Can Not Hold a Bounce from Extremely Oversold Conditions
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