This Week's Highlights
- The market has reached an oversold condition extreme enough to warrant expectations of at least a bounce in broad equity prices.
- However, our concern remains that too much damage has been done beneath the surface to expect much more than a temporary relief rally.
- This was our concern before the recent events in the Middle East, so that concern is now only exacerbated.
- Although there are many comparable periods in history, we highlight the similarly weak internal structure of. . .