Michael J. Golde

The Bull Run Begins This Week

I am always leery of arguments that all the bad news is priced-in, or that bad news equals good news after awhile.

I remember the days in the late 90s when companies with poor revenues and earnings would continue to go up based on future prospects. So, it is very difficult to know how the market will react to news from week-to-week.

I hope you are right, but the Dow has been down 7 of the last 9 days. There are too many unknowns with the banks and we might hear about some new moves by the Treasury tonight or tomorrow. So, without the news flow or lack thereof, I think it is too early to predict anything for the coming week.