Freefalling

Uncle Ben Signals the End Game

My take is that the bear-market rally folks know when to walk away, and know when to run. Since all parameters are a function of expectations (eg. "Good news, I thought you would lose both legs, but we only had to amputate one.") and not of absolute merit, we only need to lower expectations more and then we can have another rally. Say "experts predict weekly first-time UE at 650,000." Then number like 575,000 comes in and it can be called good news and Citi goes on a tear (big climb, not more crying).