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EquiTrend Market Watch

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Have You Seen This?

  • Does this bounce have legs?


    Reversal gains traction
    Leaders soar with the pack
    Earnings - Still getting worse
    Scant economic news, a good thing...
    But is this rally running on empty?

    Quote of the week
    "Few doubt the importance of consumer spending on the U.S. economy and its multiplier effect on the global economy, but what is underappreciated is the role of credit-card availability in that spending," - Meredith Whitney in the Wall Street Journal article this week entitled Credit cards are the next credit crunch.

    Reversal gains traction...
    After four weeks in a row of losses across the board, stocks made gains and impressive ones at that with the major indexes (except the Dow) making double-digit gains. But there are signs that this brief albeit powerful bear market rally may already be on its last legs.