Is the rally in the stock market that has been going on over or are we in for more?

Question

Is the rally in the stock market that has been going on over or are we in for more?

Answer 1

I think it looks very weak. I'd be cautious. At any rate it's just a bear market rally. No hurry to jump in.

Answer 2

The market over all will not recover until well into the next year.  Part of this is due to the fact that the worse of the foreclosures has yet to materialize.  Look for a solid build up beginning third quarter 2009.  Cyclically speaking this occurs every six to eight years in some form from bad to OMG!  

Answer 3

Looks VERY WEAK.

NYSE Daily Advance Decline Ratio is going lower every day.

Tuesday       3.41

Wednesday  3.16

Thursday      3.04

Friday          1.78

NYSE % of Up Volume

Tue   82.8

Wed   81.5

Thur   77.8

Fri      67.1

Wave 3 of 3 is about to start. That's where the market goes straight down.

P.S. Want to know what a 3rd wave decline looks like? Go check out SLV or GLD.

Answer 4

be careful it is not in the best conditions as it used to be but it is better. A famous economist said what goes up will come down and down more. meaning when it looks better it won't stay for a long time. ex: schools are about to start and so parents will need to drive back so i see oil up and the dollar down again.

Answer 5

We are in for more upside, but it won't happen for another 12-18 months. If taxes and/or interest rates go up, it might take longer. Same with oil and gas prices.  If they go up and stay up, it could be early 2010 before we see any "rally". The financial industry must purge its bad debts and get their hands on more capital. That could take a year or more.

Answer 6

What rally?