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  • Monday's Closing Update: Housing, Financials Rally Broader Market [View article]
    Bear market rallies are built on hope. Everyone "hopes" the worst is behind us, everyone "hopes" that the big problems are solved and everyone "hopes" that the market will now just go up. Bull markets climb the wall of worry and bear markets slide down the slope of hope. The tragic thing about a generational bear market is that as investments are devastated, market participants, once the losses become unbearable, sell out at the actual bottom. The pain is so great, they puke up their shares at any price just to stop the pain. We have not seen anything close to that, as yet. Those participants then vow NEVER to put a dime in the stock market again.
    May 18 19:07 pm |Rating: +8 -2 |Link to Comment
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