Mid Morning
Posted on Monday, July 14th, 2008 | In Current Market NewsThe pop from the open has obviously petered out for now, about flat for the S&P 500 as I write this.
One general observation; news like we had over the weekend about Fannie, Freddie, Paulie and Bennie and the Feds could turn out to be the catalyst for another feel good rally.
I don’t think a bear market can end with “I’m from the government and I’m here to help,” to quote Mark Haines from this morning, news.
Whether this is a normal bear market (my opinion) or something else it does make sense to think there will be another feel good rally at some point. The one from March to May 19 was longer than normal but shallower than normal.
For all I know, and on second glance, today’s bailout news may not be fuel for a feel good rally but another one is likely before the market really bottoms. And if there is a feel good rally the pundits will come out of the woodwork to tell us a real bottom is in.
Last 5 posts by Roger Nusbaum
- The Big Picture for the Week of November 15, 2009 - November 14th, 2009
- Process Drilldown - October 23rd, 2009
- Sunday Morning Coffee 10-18-09 - October 18th, 2009
- A Little Followup From This Morning - October 8th, 2009
- Wednesday Roundup - October 7th, 2009
 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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