The S&P, DJIA and NYSE all tested key support for the fourth time and held these levels yesterday. Consequently, it would not be a surprise to see a rally over the next few days.
The real problem isn't a lack of stimulus, the inequality of income distribution, that bankers are greedy, or that capitalism won't work. The problem is debt.
Although some market leaders have held support over the past six weeks, if these remaining hold-outs begin to crack Deron Wagner would anticipate another significant round of selling in the broad market.
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