New Highs Scarce, Continuing Market's Sluggish Trend
New highs Monday among fundamentally strong stocks were once again scarce. Stocks making new highs are often a good place to find buy candidates. But the current market isn't offering investors much to consider. A shortage of new highs is natural in a market correction. However, the trouble goes back further. Sluggishness has been the market's recurring tone since May 2011. From March 2009 to May 2011, the Nasdaq rose more than 75%. Since then,
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