The bear market rally appears to have now fizzled. The latest government bail-out appears to have fallen on ill favor with global investors. It lasted less than 10 days. Today's stock dump is more of a measure of the true sentiment in the financial markets. While poor existing home sales data is being attributed for this decline, the fact is that the stock charts were in free fall 30 minutes earlier than the home data was released. The bear market continues.
Thursday, July 24, 2008
Sorry Day for Stock Indexes
