No real reason for optimism in the Dow, etc. The economy is still in the toilet and consumer confidence very low. So what if the Fed is bailing out banks? All tax payers have to pay for it and eventually that'll be reflected back into the overall economy. More money from our pockets equals more people hurting for cash and even less confidence. The dow is still on it's way to new 52 week lows.
And keep in mind more and more baby boomers are exiting the stock market stage left as they move portfolios to safety to preserve capital for retirement. And this will continue for the next 10 to 15 years in my opinion. And though naked short selling is illegal and not good, legal short selling is a good thing as it balances out the market and keeps things better in check. A lot of todays action in the dow is because of the temporary ban on short selling.
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