Stocks May Be Oversold, But Be Ready For More
Posted on October 02, 2008 at 20:29 PM EDT
Looking at index charts, I am not sure whether the term “oversold” has much meaning in relation to our current market. Sure, we may get an oversold bounce, perhaps if we get an emergency rate cut. But lower interest rates will do nothing to solve the underlying problem. Moreover, the market may have already priced [...]
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