Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
Well, we have poured in another $200Billion injection to further bail out the Financial sector, the DOW goes up 400 and is STILL not where it was just last Tuesday, and down 2000 since October 2007.
This might be, as Cmitch said a dead cat bounce. But that means it has to hit the floor again. On the good side the Asian markets at this hours are up, either as a reaction to today's DOW or a continuation.
Commerce's report on the trade deficit which INCREASED in January was hidden today but OIL tickling $110 is still in the headlines.
The end of the week the Retail Sales report [those little gift cards from Christmas], jobless claims, and Consumer Confidence Report will tell if there is anything positive to today's run.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.