2 of the 3 days were triple digit gains and it sure as fuck wasn't bottom feeding either. However I will say continued shitty economic reports could easily erase those gains in the coming months.
Tiznow? Care to indulge?
has more to do with we were overdue for a pop after a hard fall
nov/dec is typically the best time of year for equities historically
and the C bailout + dems saying 500-700 bil stimulus coming ASAP after inauguration and looking like auto guys probably gonna get their loan after they come back with a better proposal or whatever as GM's stock is rebounding
it will be short lived
personally i'm the most near term bullish i've been in a long long time
think we pop to 10k or so and than roll over into the abyss soon after inauguration once reality sets in again that nobody can "save" us
plus i think the american consumer might have one last hurrah in them getting in the holiday mood and gas prices being low to maybe make holiday sales not as bad as people expecting than come 2009 its game over for good as the announced job cuts really start directly hitting the economy and more will be announced with q1 earnings etc....and there probably will be more circuit city types in the retail space after the dust settles on xmas sales
if we do make it back to 10k or so sell, sell, sell like mad