We’re off to the upside again today, after the Dow and the S&P 500 notched their loftiest closing highs since last Oct. 6 yesterday. The market’s persistent buoyancy is making it more and more difficult for those who maintain that this stock surge is still a so called bear-market rally. After all, the S&P’s close yesterday put it up 55.59% from its twelve-and-a-half year closing low of 676.53 hit on March 9....MOREUPDATE: See post immediately above, "Equities: How Will We Know the Intermediate Top?".
Wednesday, September 16, 2009
Sign of a top? MarketBeat Asks: "Is the “Bear Market Rally” Theory Dead?"
Nah, not yet. Maybe S&P 1125 (currently 1065), sometime in October. (There! I said it) From MarketBeat: