Warning: Trouble Ahead
May 27th, 2008 | By Jeff Clark | Category: Stock Market InvestingIt’s over. The bear-market rally of the past two months ended last week.
It’s over. The bear-market rally of the past two months ended last week.
One forgotten corner of the world is set to profit massively from soaring global energy prices.
The Canadian Markets took a bit of a breather during Tuesday trading as investors locked in profits after the big board hit record highs on Monday.
Stocks have fallen to the most oversold levels since the end of the last bear-market in 2002! Last week we saw another sharp rally, but yesterday stocks gave up decent gains to close mixed…no real follow through to the upside. That’s been the pattern for several months now.