Wednesday, September 23, 2009

Recap

That was one of the first sell the news days in the market in quite sometime. The market never caught a bid in the last half hour and that was an interesting turn.

The futures have rebounded afterhours, but it's worth watching the trading over the next couple of days.

The best thing I read today was a little historical perspective on what happens sometimes in the midst of volatile markets.

"We noted last week that the Nikkei posted six 20%+ rallies since its bubbleburst in 1990 and no fewer than four 50%+ rallies. Indeed, you can count 423,000 rally points from all the up-days since the secular bear market began in 1990 and yet the index is down 74% since that time."

Interesting.

Finally, this made me chuckle........


Cheers!

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