Saturday, April 18, 2009
Follow-up to the dead cat bounce
This is a quick follow-up to our piece querying whether or not this was, as we fear here at the Clarion Content, the dead cat bounce.
Perceptive commentators noted after Friday, April 17th when stocks rose again, the Dow Jones Industrial index had scored its biggest six-week gain since July 1938. With very little rhyme or reason underpinning this gain, the wise will be profit taking (selling their shares) early next week. You have been forewarned.
Labels: economics, Predictions
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