beware the dead cat bounce!!!
fundamentals are still shitty, traders are most likely covering their short positions.
Quote:
Originally Posted by scottwww
Market Summary
Dow 10,830.67 +465.22 (4.49%)
Nasdaq 2,088.16 +104.43 (5.26%)
S&P 500 1,163.06 +56.67 (5.12%)
Just before the close, with the markets making up so much ground, what's to say this isn't because not having another huge bailout isn't the nuclear bomb that has been touted?
Perhaps the bailout legislation is simply a ruse to give government for socialistic power. Those people would sink to any low to grab up more power.
Or is it just a Dead Cat Bounce? |