Thursday, March 12, 2009
Where We Stand
As you know, I have called the bottom of the market. The Dow will not go below 6,000.
And as you also know, I don't know what I'm talking about, and nobody can call the bottom of the market.
So with that in mind, this chart from dshort.com, via the outstanding blog, Calculated Risk, is very interesting. You've got to click on it to do it justice.
The great rally we've had for the last 2 of 3 days is hardly an uptick.
But I'm still an optimist.