Tuesday, October 14, 2008
Poll of the Day: Was Yesterday's Rally for Real?
The guys at Bespoke have this interesting poll today - Was the Rally for Real? As of this posting, over 51% of the voters think the rally won't last. While basically a 50/50 result, I still find it interesting that so many investors remain that bearish. After a historical 900+ point rally on the DOW, the market still can't find many bulls. Good sign that the rally might finally have legs. The experts say that it usually takes a 3 day rally to solidify a reversal from a bearish trend. We'll be watching to see if that happens and looking to add to the growth stocks in the Growth and Hedged Growth portfolios.