Wednesday, January 23, 2008

Market Bottom?

Cramer claims that we are at a market bottom because of today's 600pt Dow uptick and the fact that the New York Times front page, above the fold article was about the economy.

I don't buy it.

If anything, today was another example to me that we still don't really know what is going on. The market started down 300 pts and ended up 300 pts.

I don't think its time to have that much faith yet. Sure, the market is down a lot, but where is the recovery? I don't think the market can really come back until we find a real economic recovery method.

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