Exploiting the edge from historical market patterns

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Banks and Housing

Posted on June 23, 2008

While the large cap indexes are testing their March lows, the banking (middle chart) and housing (bottom chart) sectors have blown through those levels to make bear market lows. It's difficult to imagine the Fed aggressively raising rates with these sectors on their heels; that outcome might just rival the fate of the dog who decided to chase something other than his tail (top).....

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bear market , lows