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Do you sell this bear market rally?

March 12th, 2009 Sphere: Related Content

I can’t help but think we’re watching a bear market bounce with the DOW back up over 7,000 today.

Do you sell this rally or is this the turning point in the market?

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  1. MJ
    March 12th, 2009 at 18:54 | #1
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    I am unsure. I am so hesitant to invest until I know factories are producing products again. Thought is however that now is the time to buy some really good companies. I have started to look at LECO, ETN, and EMR. I am looking for cash rich, big name companies with good products. MSFT fits that logic as well. Let you know what I figure out when I figure it out. I am not in any hurry though.

  2. hayek
    March 15th, 2009 at 10:26 | #2
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    just to recap things…we started the year around 900 in the SP and we hit 666 (i know bad #) on march 6th. so basically we lost 26% in 3 months. i’m guessing a significant bounce is in order. the mkt has a way of going alot further than anyone has the capacity to believe. a 20% beark mkt rally off the lows would take us too….wait for it…799.

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