Monday, December 1, 2008

Bear resumes after US Thanksgiving shortened week

There was something that seemed really fake about the rally last week. It began the previous Friday mid-session with the news that Geithner would be announced, which began the rally that lasted into last Monday and then Wednesday. The choppiness and shortened session on Friday made it difficult to trade, but it's safe to say after today's selling that the bear has returned. The large fundamental problems that exist in the economy cannot be ignored, and we expect a strong selling week.

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