The Stock Market Conundrum

October 16, 2008 by Mark T. Rafter · Leave a Comment 

…is driving me nuts.  Anyone else out there feeling the same way?  It appears to be trying for a double bottom (factoring in last Friday’s disaster).  This would be a good thing according to the die hard chart guys.  Truly, if we can rally into the end of the day (the Dow and S&P averages are already up off their lows), this would be a good sign for the near term, maybe into next year …  who knows.

My general opinion is that even if we do rally today and into the rest of the year (even early next year) we are still in for a nasty ride, this is not EVEN going to be the end of this bear market. Read more