Common_Denominator

The Week Ahead: Downside Risk Waning?

In the final analysis, the reason stocks go up is because there is the reality of current and future profits. With food, energy and health care costs escalating much faster than paychecks, consumers are tapped out. And consumers drive this economy.

As for resiliency in the market, not a single bear market has gone
down in a straight line. Some of the most spectacular rallies take
place during a bear market. They are caused by bargain hunters coming in thinking this is the bottom and short sellers forced to cover.