The Steeper The Slope…The Higher The Risk

From Short Takes
January 25, 2013 - 9:21pm

As markets begin to advance in a near-vertical manner, it becomes more and more difficult to manage risk. Charts that “go straight up” can also “come straight down”. The bulls are still in control, but when they finally lose control, gains in this type of environment can evaporate quickly. Stocks may well advance further, [...]

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