Folks this is still the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years. Pay special attention that the Great Depression crash is based on the DOW and the three others are for the S&P 500.
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Means nothing with the government/GS holding the market up artifically. Not sure how this plays out long term or how long can they keep pumping tax dollars into the market. Would really like to see a story on the $10B – $20B in trades that keep turning loosing sessions into winners in the last few minutes of the day. You cannot invest in a rigged market successfully based on fundamentals, economic data etc. Forget everything you know its useless when the game is fixed and your’re not an insider.
I agree with Steven. It will be interesting to see what happens after the big banks sell all those shares they’re offering . What was the GS estimate… 6 more days for BAC to raise the cap it needs.