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
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