Why is this still a rally?
I would love to know.
Markets go up, Markets go down, Whats the saying, down by the elevator ,up by the stairs..
This stopped being a rally for me 3-4 weeks ago......
Market has and is finding a medium and level playing field of where it wants to be.
So today on an up day, its the calls of Rally cant last forever, when will the rally end... Rally is on emotion, total Crap.!
This world and financial climate is changing, just as it was changing early 2007...Markets are only the instrument of the populace that decide which direction it will take.. Wake up people if you think this populace is still thinking the same way as they were during 2008 and Q1 09..
One thing that really gets on my mammories, is all the bears calling this a 4 month bear rally, ( one good thing I suppose is not many of em calling it a dead cat bounce any more!) but no, the last 12 months were all a one way street, following the leemings off the cliff.
In the last 40 days, We have had up days, pull backs, down days, sideways days, sometimes a week with losses, or little or no gain, but as soon as we go on the up days again its still the same rally from March 09..
Oh let me tell those people, the devil is walking amongst you and finding this complex, and (sic) devestating bear market a really simple place to be..
If this is still a mere little bear rally, and we are still in total capitulation mode, cannot wait for the real deal later this year, early next when the world really gets an erection..
I would love to put it in the words of Forrest Gump of the " Mamma , says life is like a box of chocolates..... you never know what will come out" fame,
Seeing as most of the expert bear forcasters are rapidly becoming as creditable as Forrest, maybe we need to go back to that level of market expertise just now to see it how it is!