Frankly, anyone who thought yesterday’s “rally” was a new bull market, based on NO fundamental change in the state of the world economy, shouldn’t let themselves get anywhere near the market.
It was probably mostly short covering, but I harbor the hope that more than a few Obambi stooges heard the Messiah’s words and rushed into the market and got their clocks cleaned.
All I assumed was it was a bear market rally. Definitely not the start of a bull market.
Yesterday?
probably people buying after the “I will buy when it closes below 7000” self prophecy happened.