Archive for November 21st, 2008


21
Nov

Dead Cat Bounce Friday

Sentiment Watch: Pure panic. Volume accelerated into the close after Paulson spoke about things that are broken and not apparently fixable and Congress decided to bailout, not bailout the auto industry. Someone once said "the market climbs a wall of worry". I’d add that it "abhors taking its cues from government officials holding press conferences." […]

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