Tuesday, March 10, 2009

Markets Rise Today.

Stocks are up, as of this writing, 4-5% so far today. This rally seems different than most of the others we've seen in the past few months-at least those we've seen so far this year. Today's move higher seems to be on real economic news-better banking outlook for example. What will make me feel better going forward? Two things:
1. Market holds gains into the end of the day, ie no late day sell-off.
2. Market has a follow through rally preferably tomorrow or failing that in the next several days, assuming stocks hold on to their current advance today.