3/10/2009

Early Take

Another bounce, and yet another bounce led by the financials.
Weren’t we here just last week?

Let the bottom calling begin. Again.

Posted: 10:47 am

2 Comments »

  1. What a screwy situation. I just don’t see how a case can be made for anything in either direction across all investments. It does make you wonder though about the news flow. If we did a pole last week asking Americans whether they thought C was profitable for the first two months of the year, I would think that 95% or more would have responded “no way.” Not that C is in great shape, but one bit of data can cause an instantaneous short term change of physchology.

    Comment by Vernon Dozier — 3/10/2009 @ 11:38 am

  2. That’s what happens when you combine a very oversold market with a lot of eager bottom-pickers.

    Comment by BMB — 3/10/2009 @ 11:45 am

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