Quote:
Originally Posted by Kurt V
I think it is becoming apparent that Wall Street at least is not buying into the bailout scheme.
|
So the old argument that lows get retested is out the window? This is S.O.P.
That being said... you may not see much of an upside to the market for several quarters. Assuming the recession is 4-5 quarters and the market leads out.
The one thing that will make this bottom a little different is that there wont be much of a short covering (cliche) rally.