Sunday, April 5, 2009

The End of the End of the World?

I am calling it. I am calling the bottom of this market cycle on the S&P 500. In my view the technicals are there for the market to at least flatten, if not continue on their recent upward turn.

The technical picture for continued mayhem has started to deteriorate in my opinion. It's not so much that the bears are dead. Its just that the bearmobile may have just run out of gas.

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