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Tag Archives: Wasatch Hoisington U.S. Treasury

January 19, 2007

Tops take time, but we continue to believe a meaningful one is in the works for the stock market. Even though the blue chip indexes closed mixed this week, the NASDAQ sold off rather sharply — typical behavior near a market top.

Shortage of Sellers

Traders returned from the Christmas break in a good mood. The stock market has now put together two strong sessions back-to-back since the holiday, with the Dow Jones Industrial Average closing today at another new all-time high.