Today was a huge oversold relief rally. Where yesterday gave us the biggest one-day loss in the S&P 500 since 1987, today brought us its biggest 1-day gain in several years. Volume was much lower today though, which is concerning.
Not only was the market very oversold, but there is new hope surrounding the government bailout. […]
The market had its biggest single day decline since the crash of 1987, and it looks like we have lower to go. The Dow closed down nearly –7%, the S&P down nearly –8% and NASDAQ over –9%! To make matters worse, the major indexes closed near their lows of the day, which implies more selling […]
All eyes that watch the market are now waiting for word from Washington on the bailout package. It’s possible that there could be news before market open on Monday. If passed, and especially if the package is better than expected, we should see a pop in the market. The question will be, will it be […]
