Monday, November 24, 2008

Two days instead of one

This time around the huge 13% gain in the S&P 500 took two days (Friday and today), which is a little slower than rising 11% in one day. I suppose that's slightly less bearish for the market.



vv said...

If the S&P hits 900 then it's a 20% move.. a bull market within a bear!

I think it was Warren Buffet who said that the next bubble will be because of all the liquidity injected into the market. Do all these actions by the Fed change your outlook at all? Is it possible that we'll see a bull market like the 2002-07 again?

Jody said...

My outlook is not affected by bailouts, buyouts, or liquidity injections.

Of course there will eventually be another bull market. In fact, the deeper this bear market goes, the stronger will be the bounce that fuels the next bull.