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12 rallies of 5% or more since summer



April 29, 2008 – Comments (2)

Wow, amazing really...

Big Picture has a great story on the financial rallies... 

There is no way the market has yet corrected for the degree of problems out there and the decline in profits.  My reading of history has made me realise this correction process is going to be drawn out some.


2 Comments – Post Your Own

#1) On April 29, 2008 at 3:41 PM, Gemini846 (34.27) wrote:

The problem with that chart shows that the last 4 rallies have a series of rising tops. I'm not saying we're out of the woods since many of those companies are very unsound, but if you knew your small town bank had a good balance sheet, now could very well be the time to buy it long term.

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#2) On April 29, 2008 at 8:06 PM, dwot (28.81) wrote:

I think with this market you don't know how quickly it can change...

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