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Re: joseph pareti post# 78704

Friday, 04/03/2009 10:51:24 AM

Friday, April 03, 2009 10:51:24 AM

Post# of 151711
...could you please explain why?

Not in hard economic terms. However, very little has changed in the economic outlook since the DOW was in the mid 6000s. The two rallies since the big drop have not had any solid fundamental basis as far as I can tell. Today's unemployment numbers are dismal. As earnings start to come in, there will be a lot of disappointments. The market will quickly, but temporarily, abandon any optimism.

I think we have seen the bottom, but I think the bottom will be retested.
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