Bad News Bears Shouldn't Count This as a Win [TheStreet.com]
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
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Source: TheStreet.com
Bad News Bears Shouldn't Count This as a Win The bears were feeling optimistic this morning when the indices gapped down on news that China may cut back its buying of U.S. Treasury bills. The hopeful pessimists were thinking that a turn in the bond market would be the catalyst for a major top in equities. It may sound like a good argument, but it should be obvious that a top in this market is not going to be that simple. Market players shrugged, bought the dip and didn't seem too concerned. Breadth was with about 2,750 gainers to 4,000 decliners but we still have some pretty good pockets of speculative action. A few biotechnology names acted well and there continues to be action in the junk crypto names such as National Holdings Corporation ( NHLD ) , which rose 65% on the day. The speculative action is narrowing and the indices did finish in the red, albeit by just a smidge, but this is a well-deserved rest after the frantic start to 2018. It is not a negative to pull
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