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IBDvalueinvestin (99.68)

Idiot on Bloomberg Radio saying this Bear Rally will last 3 to 4 months

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March 12, 2009 – Comments (4)

What drug is he taking? Yeah I know its rallying today on Mark to Market discussions by lawmakers but its a maximum a 2 week rally, no way can it maintain 3 to 4 months of rallying.

4 Comments – Post Your Own

#1) On March 12, 2009 at 12:33 PM, StatsGeek (29.17) wrote:

It could last months if no new shoe drops and the animal spirits return.  But when the next shoe does drop, whenever that may be, look out below!

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#2) On March 12, 2009 at 12:57 PM, IBDvalueinvestin (99.68) wrote:

Wow just got a headline that Barney Frank succeeded in convincing lawmakers to change Mark to market guidelines with changes coming in the next 3 weeks. Now that may spur a big rally but not 3-4 months. Maybe 1 month tops.

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#3) On March 12, 2009 at 1:10 PM, goldminingXpert (29.37) wrote:

You called a new BULL MARKET a month ago. A bear rally isn't as strong as a BULL MARKET. Who's wrong here? Well actually--both of you. ;)

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#4) On March 12, 2009 at 1:30 PM, jstegma (29.15) wrote:

The key is that if Q1 earnings reports are no worse than expected, the rally could continue until May or June.  We could also get a less bad than expected GDP or employment report number.  It has been a long time since any of those exceeded expectations.  However, recently expectations fell through the floor.

November lows held for about three months.

Remember the rally last spring?  Sure, it ended it tears, but it was a fairly sustained and signficant rally.

3-4 months for this rally is probably the best case, but I wouldn't expect to see any new lows for at least a month or two. 

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