Don’t Be Fooled By Faux Bulls

By Barry Ritholtz - February 27th, 2009, 2:30AM

Wall Street needs a new road sign. “Caution: Sucker Rallies Ahead.”

Plenty of very smart people are wondering right now if we are due a very big rally. And maybe they are right. It is certainly true that there are an incredible number of bargains around. But that won’t necessarily mean the bear market is over. A look through the archives shows that big bear markets, like this one, last far longer than many people expect. And they feature any number of giant temporary rallies.

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Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Don’t Be Fooled By Faux Bulls”

leftback Says:
February 27th, 2009 at 7:48 am
Right on. We are way overdue a monster sucker rally. After that, the process of grinding down will begin again. No doubt there will be more opportunities to short the banks. BTW, anyone who has been hiding out in the health care area better sell those stocks into strength, as the days of unlimited access to expensive drugs and procedures are numbered. There is a future for the best of the best in biotechnology, the rest of the sector is in trouble.
ChickenDinner Says:
February 27th, 2009 at 8:28 am
The market action is still very weak. I’m waiting for S&P 700 to catch a 10% raly.
Todd Says:
February 27th, 2009 at 9:32 am
The rally would need to start before 1 Qtr earnings start coming out. So far nothing has come up to be that tiny spark.

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