It's time to rejoice; stocks have gained for two straight days! Of course, I'm kidding. The bounce has largely been due to technically oversold buying as traders try to determine whether gains are sustainable or if it is a "dead cat bounce" in a developing bear market. My thoughts are that the upside moves in the stock market will be met with increased selling resistance and, unless there is a major catalyst and less risk, the upside gains will be limited.
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