As I write, the Dow is up over 300 points on the day. That's better than five percent, and some financial pundit has excitedly declared a bottom!
I must ask - are market conditions five percent better than yesterday? Have foreclosures peaked/real estate bottomed? Are employment rates suddenly rising? Is ANY indicator ANYWHERE telling us that the systemic problems have settled out?
It's far from over, folks, and this is just a little bear market rally!
When Government Shuts Down
1 day ago