As was indicated in the 12/17 post on the market, it needed
to catch bids this week to put it on a recovery trajectory
that was sensible. The initial responses were very tentative
earlier in the week, but today's action was more robust and
broad. From a short run perspective, there's nothing to do
but let it go through the holidays and see if it can muster
further upside consistency. That first run up from the 11/26
low was a joke, being nearly vertical (See prior recent comments).
I plan to put some posts together in the days ahead regarding
2008, toward which we are slouching along.
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