2008Mar03

A few days ago, I had posted at beanie that the market falls anticipating a recession. Once in a recession, the market may rise anticipating a recovery. I was surprise the market was able to hold up so well, until today, with all the bad news. I just needed to have some patience.

Another interest rate cut is expected on March 18, just befor options expiration. If we test the low and bounce, then that may be a good sign.

See comments for some charts since URL does not work well in posting.