Merrill Lynch's David Rosenberg was on CNBC, discussing the current Bear Market. He noted that the rally on 8/6/08 was the sixth 300 point rally to occur since September 2007 (markets peaked the next month).
Even more intriguing, he observed that every 300 point DJIA rally has occurred only during bear markets.
This is very interesting and it is the main reason it is important to have a disciplined investment strategy. Following indicators giving you a sense of how much the market is oversold or overbought is also essential.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment