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User 8531481

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  • No love: Sell side remains bearish [View news story]
    I would be very skeptical of the construction of any indicator that equates today with March 2009. IWM has hardly suffered over that period. It bottomed at $35 in 2009 and is now at $114. That is more than a triple in the same period when the SPY has not even doubled. Its problem now is that it got ahead of itself. It is hardly poised for some massive breakout to another double. And if higher interest rates due to a heating economy / less Fed support occur, then small caps will likely suffer and $114-$120 may be the peak for 2014.
    Jan 2 12:08 PM | 1 Like Like |Link to Comment
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