Hurd on the Street, December 2015
Déjà vu all over again. The stock market in the month of November started with the S&P 500 falling sharply from the major resistance levels around the vicinity of its August highs. This initial decline was to be expected after the extremely powerful move up from the lows established in August. Just when the market began testing these recent lows, it rallied and recouped most of the losses later in the month. As has been the case for most of 2015, however, just when the market