TITLE

MARKET COMMENTARY: A bull market in pessimism

PUB. DATE
December 2008
SOURCE
Dow Theory Forecasts;12/29/2008, Vol. 64 Issue 52, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the Dow Jones Industrials and Standard & Poor's (S&P) 500 Index for 2008, and forecasts future trends in the bull market. It states that the stock market bottoms at the point of maximum bearishness, and according to some analysts, that point was reached on November 20, 2008. It mentions that a breakdown below the November 20, 2008 closing lows of 7,552.29 in the Dow Industrials and 2,988.99 in the Dow Transports would confirm the bearish primary trend.
ACCESSION #
35883581

 

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