Friday bounce a hollow victory

Market tension Friday morning was palpable. Even decent earnings reports from some of the big boys such as Google, Inc. (Nasdaq:GOOG) didn’t seem to stem the opening selling tide. Thankfully, the Russell 2000 (NYSE:IWM) was able to generate a recovery rally off the morning trough and put something of a happy face on another difficult week for investors. However, the bounce Friday afternoon off 7-week lows for small-caps was a hollow victory. The market still generated the second lowest close in more than five years on weekly studies and must fight back through 450 quickly next week or risk a deeper slide and potential retest of the November bear-market lows...

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