Quote from bwolinsky:
He's been a bit early, very true, but the point is not what happened in the past, but what's happening going forward.
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And now[and days earlier] stockT has the 50 day moving averages on his side;
that's like a Hallmark card,''they cared enoough to send the very best''
But the 200 dma is still bearish.And there are much more bearish long term fundamentals, than the last bear market or bull market.
Even in the unlikely event , but possible ,market staying above 200 dma;
let us see what happens when/if Israel hits Iran.
And maybe more of a long term threat, they used to call it ''unemploynment insurance'', not unemployment benefits.
So now when the Citigroup execs, & GM execs cant get their unemployment insurance or stock price up,they tried to mess with the short sellers, or run to US Treasury.
Could be a better eventual market uptrend than i figure;
especially if new Congress doesnt punish all the efficient auto companys by wasting gov money on GM.
Jim Rogers said bankruptcy good for GM.