The Fred Report - Mid Week Update February 15, 2012

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Sideways consolidation is another way to correct overbought indicators, and this could happen again – just as we saw back in late January – the brief consolidation that started January 25th.  We continue to look for stronger US mid and small-cap performance rather than Emerging Markets, but there could be a trade to the upside in the BRICS for the next month or so, as European issues fade.

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