Today’s price action, along with Friday’s, should give you an indication of just how beat down Wall Street is. On Friday we had the news of President-elect Obama’s choice for Sec. of Treasury, Timothy Geithner, and the markets rallied late in the day to close up about 5%. Over the weekend, Citgroup is saved by
What now?
Here’s a thought. It doesn’t matter why we rallied like we did off the March lows, but what really matters is what happens now. According to Bespoke, this most recent rally (using an up trending 50SMA) was the seventh longest since the S&P 500 has been around. I had no idea. I do know that