A couple of weeks ago or so I opined in a video that a feel good rally could take the market up to about 1310. So we are here now and who knows whether it will keep going (it feels like it but who isn’t a sucker for a good story?). I think I was off by a week or so and probably wavered about the feel good rally too but here it probably is.

There seems to be a lot of glee on TV about this so I’ll just roll out my typical reminder that feel good rallies are normal, very normal, events within bear markets.

At some point a rally must be the real thing and this could be it I suppose but I really doubt it. The “worst financial crisis…” leading to a very mild bear market does not seem very likely.

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