Short lived rally

It was a short-lived rally.  Comments by Federal Reserve Chairman Bernanke that the economy may indeed be headed into a recession was enough to make some investors take some trading profits yesterday. Moreover, the jobs data this morning should cast another pall on the market for today.  Wish I could be more optimistic but it looks to me that we are still in a bear market and investors should not be rushing to get into stocks.

Leave a Reply

Your email address will not be published. Required fields are marked *