Tuesday, January 8, 2008

Bear Showdown

The bears showed up today after getting run in last yesterday and early today. Though not officially a bear market, despite what CNBC is saying, it is oh so close.Some blame has been placed on the uncertainty of political season but the current administration along with the banking problems leave enough ugly for all. Now the market is spooked and nervous about a total bath but lack of follow-through will bring quick illiquid rallies.
Tags SP500 1419 1402.25 NQ100 1940.75