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http://useconomicoutlook2013.com/ This website strives to keep the readers stay updated with all the recent updates within the financial arena. Many of the investors have benefitted themselves by being in regular contact with our frequent newsletters and article releases.
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  • Forget What The Bulls Are Saying: Red Flags Are Surfacing 0 comments
    May 9, 2013 4:39 AM

    Read More : http://www.investmentcontrarians.com/stock-market/forget-what-the-bulls-are-saying-red-flags-are-surfacing/1988/

    The Ben Bernanke-driven stock market rally continues in full force and is unabated, but I really question the rate of the advance and believe stocks remain overextended at this juncture.

    The S&P 500 made another record high above 1,600 last Friday, but making that move to above the magical level came slowly and cautiously, which makes me feel somewhat uneasy.

    The breakout-above the multiyear top near 1,565-is positive, as shown on the chart below, but the move was associated with light volume, which suggests a bearish divergence, based on my technical analysis.

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