In This Issue:
It's Too Early For A Sustained Rebound
But, There Are Finally Some Signs Of Relief
What Everybody Knows Is Often Wrong
Another Contrary Economic Outlook
Cheaper Energy: The World's Biggest "Tax" Cut
This High Yield Investment Looks Good
The Bottom Line This Week
Mother
Market took pity on investors last week when she tossed a few points our way.
Actually, it was more than just a few. The total for Monday and Thursday came
to a whopping 1338. Since she took back "only" 937 points, the Dow and the
Nasdaq ended the period up a welcome 4.8% and 3.8% respectively.
When
the closing bell finally rang on Friday and the week's gains were locked safely
away, some of us let out a happy little "hurray." However, our killjoy number
cruncher pointed out that with so many wild swings happening every week it was
inevitable that the market would occasionally end on a high point. In other
words, the bounce could have just been a random event. Rats!
On
Monday of this week the market jumped another 413 points, but it gave back 746
points on the following two days. Oh well, the mini-rally was fun while it
lasted.
...