Wednesday, October 6, 2010

Some bearish reasons

I borrowed two charts from Tim Knight's blog, one chart showing the interest rate along with S&P, the other shows Kol with SPY. Both say the rally may run its course, the picture won't be pretty. I am not a bear, but today's selloff in the momentum stocks make me think twice. If the highflyers are dead, how higher can the market go?

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