Oversold gets bought!
The near-term oversold condition we wrote about yesterday has started to play itself out as just about everything rallies up after last week’s yonking.
The good news is that into the holiday season, there is a chance a higher low gets put in. The bad news is that there remains the clear lack of leadership that has haunted this market for a very long time.
We did like that some of the glamour growth names, after a few ugly, reversed up on volume yesterday. We did like that important areas like energy pulled right back into support and for now, held.
Hopefully, we can see a broadening out but hope does not work with markets. In time?
Gary, it’d be interesting to know what Hawaii has to say about absorbing any refugees. California probably will and land value here isn’t much different. A Michigan style takeover of Hawaii would destroy those islands and Obama knows it.
HOPE YOU ARE FEELING BETTER. ASK FOR A HEART ULTRA SOUND WITH BUBBLE ENHANCEMENT. A DIFFERENTIAL CAN BE A VERY SMALL HOLE IN THE HEART BETWEEN THE SMALLER UPPER CHAMBERS–IT IS REPAIRABLE..
ON REFUGEES: KEEP THE WOMAN AND CHILDREN. TRAIN AND EQUIP THE MEN WITH M-1 RIFLES AND TRAIN THEIR OFFICERS SO AMERICANS DON’T GET FRAGGED AND SEND THEM TO FIGHT FOR THEIR LAND.. ADD ANY DETAILS YOU WANT LIKE IF YOU DON’T JOIN SHIP THE WHOLE FAMILY BACK AND DON’T LET THEM IN-