The Perverse Logic Of Market Bottoms
Dec 11th, 2008 | By Justice Litle | Category: Financial NewsI got another small surprise Monday night, browsing the major indexes.
As you can see from the chart above, the S&P 500 has broken the accelerated downtrend it’s been in since September.
Now, it’s true that this chart is only current as of Monday’s close. I’m writing you these words early Tuesday morning before hopping on a plane.
Perhaps while I’m up in the air at 35,000 feet, Treasury Secretary Paulson will say or do something alarmingly idiotic and help stocks return to form.
But if not, just imagine! The very idea that stocks don’t always go down and down… who’d have thunk it?
Whisper it Quietly
Okay, that was a wee bit of sarcasm (in case you hadn’t noticed).
If I…