Monday, March 30, 2009

Could have been worse

Monday's stock market decline could have been much worse. Some modest buying during the last hour brings the market off the lows. Bulls need not take too much heart from this, but bears can be discouraged. I didn't find much going cheap. I was thinking the rally would hold until Wednesday or so, obviously that was a bit off.

I am still waiting on the sidelines, the market remains too fast for my taste.

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