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Is The Pain In Stocks Over? Did The Bounce Just Arrive? | Michael Lebowitz
After a pummeling few weeks over which the stocks lost $trillions in market cap, Friday saw a big rally and the reversal of a number of technical indicators.Does this mean the bottom is in? At least, in the near term?Quite possibly, says portfolio manager Michael Lebowitz.We discuss the reasons why this is more likely than not, and the importance of watching closely what happens next.If stocks rise to make a new high, the multi-year bull market trend will remain intact.If they rise, but start putting in lower highs & lower lows, that suggests more weakness to come.If they fail to rise at all…
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