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Business
Market Radar: Beware of Excess Optimism
Tuesday, August 17, 2010
Chart
By W. P. Sarubbi
Cyclesresearch.com
Since the first column of Market Radar and the initial sell signal, the S&P 500 has declined by about 4% and the Nikkei is down by 2%-3%. The market may trend sideways in the coming days. Utilize this time to sell any weak or unwanted stocks from portfolios. I project that the market will turn weak again after the 20th.
A bit longer-term, September is approaching. This month has historically been the weakest of the year. This is especially true in the s...
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