A Total Lack of Conviction

It’s interesting to note the total lack of conviction that accompanies any attempt to rally.  Yes, valuations in many sectors are historically attractive, but the overall macro-economic situation is so grave that valuations don’t mean much now.  Sentiment getting very negative though, and that may suggest that in the coming days a sharp upside move is in order.  If it does, have the sensibility to sell into the move. 

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