Frederic Edwin Church Landscape in the Adirondacks painting

Frederic Edwin Church Landscape in the Adirondacks painting
Pierre Auguste Renoir The Boating Party Lunch I painting
Some spectacular selloffs this month, including the Nasdaq's seventh consecutive decline Dec. 13, haven't helped — although they may make it likely the market will have to snap back at least a little bit."The way the market's going down, I'd say we should see a bump up. But will it go down again? That's still the question," said Yale Hirsch, author of the Stock Trader's Almanac, who believes the market is so oversold and stock prices so low that it may be especially attractive to bargain hunters and other buyers."One of the reasons I believe we could rally in the next few weeks is we're getting a lot of bad news, and — what is the saying — you're supposed to buy on bad news and sell on good news."Most market observers say it will take an interest rate cut from the Federal Reserve to turn the stock market around. The Fed doesn't meet until Jan. 30-31, and any action before then would be extraordinary. A couple of other January events could also prove key.