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If a similar reading would be applied to the S&P that is currently being applied to the CRB, the news would show a very deeply oversold market.
Aug 29 10:33 am
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All Comments by NOWHEREMAN »Commodities and Emerging Markets: Joined at the Hip? [View article]
And while oversold conditions, like those that were seen in Financials in the last few months, don't necessarily mean big across the board jumps. I tend to think that we are closer to a rise than a continued drop.