2 Possible Cures for the Market's Summertime Blues
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Between skirmishes in Iran, a reprisal of tensions in Ukraine, disappointing retail sales for May, in addition to an overbought market that hinted at a correction yesterday, it comes as no real surprise stocks struggled today. On the
other hand, it's
still not like stocks are past the point of no return. The only thing the pullback over the last couple of days has done is burn off the overbought condition that developed a couple of weeks ago. This isn't a reason to get hysterical.