An Uncertain Rebound In Stock Markets
Posted on October 14, 2008 at 13:37 PM EDT
Yesterday’s (Monday) large rally in the Dow (^DJI), S&P 500 (^GSPC) and Nasdaq (^IXIC), followed by massive gains overnight in Asia, sure makes it feel as if a bottom has been set. But has it? My gut says Friday was a bottom, at least in the short-term. Actual data and current trends, however, paint an uncertain [...]