Well, the bears did come in on Tues. after the sharp rally to
overbought at Mon.'s close. But they really did not do enough
damage this week to upend the rally. Just a little back and fill.
So we carry the drama into next week with an eye to whether
the market could morph into a plus Santa finish for the year.
Uptrend not confirmed yet for the shorter run in my book.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!