Poor follow-through from yesterday's Fed-induced stock market rally leaves me feeling a bit worried. Of course, its still early, so we can hope for a rally during the day session. Fortunately, it appears that after falling about 170 points, the Dow appears to have bottomed and formed somewhat of a rally. Historically, following Fed decisions over the past 18 months, follow-through has been poor the following few days after the decision. Past is likely to be prologue. Wednesday, December 17, 2008
Stock Index Futures Show No Follow-Through
Poor follow-through from yesterday's Fed-induced stock market rally leaves me feeling a bit worried. Of course, its still early, so we can hope for a rally during the day session. Fortunately, it appears that after falling about 170 points, the Dow appears to have bottomed and formed somewhat of a rally. Historically, following Fed decisions over the past 18 months, follow-through has been poor the following few days after the decision. Past is likely to be prologue. 
