and so has the medium and long term MACD ---- this is my point. This stock is going to recover strongly as will the market -- the US market is going to 15k on the DOW with similar moves across the other averages. Boolean.
Wall St. has gone limp with Obama back in White House, the market was rallying in anticipation that Romney was going to win. Companies are hoarding records amounts of cash and they will not spend until Obama is long gone, there is fuel to push the Dow to 15k+. All he will do is just give it all away to welfare and food stamp recipients and now big taxes are coming. So essentially we got four more years of sluggish growth.
both of you are smoking the good dope. 15K?? the market will tank hard especially if the fiscal cliff is not fixed, and chances are they will just kick the can down the road anyhow. my opinion is to start dreaming and look at what the reality is, and CLF is in the dog house, no matter how you look at it, it is a POS.