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How Low Can We Go?

In yesterday's commentary I stated that the 3 keys for finding bottom were:

1) US Economic Data Stays Aloft

2) Global Currency Problems Diminish

3) Treasury Rates Stay low

Given a solid ADP Employment report and better than expected ISM Services on Wednesday I believe #1 has been satisfied. Same is true for #3 as Treasury rates are still WELL under historical norms.

So I am feeling quite like the famed rock and roll star Meatloaf who sang "2 out of 3 Ain't Bad". That had me selling my VIX position Wednesday for a quick +23% profit and now my portfolio is back to 80% long the market with plans to ratchet up to 100%.

I am not guaranteeing that bottom is in this very minute. But I have little doubt that in just a few weeks' time we will learn that getting more bullish now was the right call.

Our resident market timer, Kevin Cook, is also pondering what the market will do next. So it pays to read his well latest investment strategy article:

How Low Will This Correction Go?

Plus Other Top Commentaries:

•  5 Losing Stocks to Dump Right Now

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Steve Reitmeister (aka Reity...pronounced "Righty")

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Zacks Investment Research

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Today's Noteworthy Earnings Before the Bell:   ››  AZNFOXAGMCSTEVA

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SEVCON INC SEV Feb 5 +0.14% +30.34%
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