TVO Market Barometer 12/10/14

TVO MB 12-10-14b

A pretty convincing show of downside volume today mostly on the NYSE. With the oscillator below zero and falling, this dip is feeling like it could be a very slow bleed. 1 year ago we were much deeper in the hole than we are now in terms of volume. Last year, when the S&P did better than most money managers, seems like most of them locked in their gains at this point, but are we seeing the same thing this year? Maybe they’re all just bored. My broker friend told me they’re re-balancing bond portfolios now… woohoo. Even eggnog is more exciting. -MD

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