I highly doubt the sustainability of three day rally, it was driven by low to medium volume and it doesn’t look like a rally based on significantly improved fundamentals. I think we will not go much higher from here in the short term and I wouldn’t be surprised to see a 2-3% pullback from here by tomorrow (no [...]
Taking a break
Ok, let’s pause and look back about what is actually going on here. After a crazy rally from the March lows in the 30 to 40 percent range, we have been moving more or less sideways for the last couple months. While investors have been sceptical about the extent of the rally and were expecting [...]
Categorized in Financial Crisis
