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March 3, 2011

Bear Thrashing

I think it's safe to say the stock market rally has now set a new record for recalcitrant behavior. Every time bears have appeared to gain a solid footing over the last few weeks, bulls have responded by gapping the market higher and erasing losses within a session or two. This rally is simply incorrigible, and even last week's swing high is on the verge of ...

 

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