Suckers Rally?

Posted on Di 06 Mai 2008 in misc • 1 min read

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  • Economy meta: _edit_last: '5' dsq_thread_id: '181043602' author:

    It seems that some people are of the mind that the latest rally in the markets is a sucker rally.

    It may be a suckers' rally,'' said Eveillard, who is based in New York.Investors want to believe. But if I'm right, then there's truth to the argument that this is the worst financial crisis since the end of World War II. The same kind of reflex is the wrong reflex.'' [via Bloomberg]

    Maybe it is and maybe it isn't. All I can say is that my timing model issued a SELL signal last Thursday.