rank17

Today’s Bull Market Is Tomorrow’s Bear Trap

I'm sorry, but you shoot yourself in the foot with your first key takeaway -

"Until the rebound reflects stronger earnings, sales growth and a generally improving economic scenario, rapid upside moves like those last week are nothing more than king-sized bear traps ready to snare the unsuspecting."

If you'd been around for the past half dozen major market turns (and history actually suggests most of those prior to this) then you'd know that this is absolute rubbish.

Stronger earnings, rising sales and a generally improving economic scenario are almost always lacking over the first weeks and months of a major bottom.