disaster2008

Will Bear Market Rally Continue or Stall Out?

Too soon for too much of a sustained rally, even though, based on long-term future cash flows, the market is way oversold. What happens in the next 6 weeks will mainly depend on the news. if Obama continues to take center stage to calm the markets and restore confidence in the face of otherwise bad news, the rally could continue into early December. But it seems likely another sell-off will occur before the end of the year. That would probably be the time to buy and hold since the market could take off with Obama taking office and with 4th quarter earnings probably on the upside (since expectations are so low) in the January-February timeframe.