24 C
New York
Thursday, August 18, 2022

Subscribe

Dave’s Daily

Dave’s Daily Market Comment

September 15, 2009

NO SPEED BUMPS IN SIGHT?

This rally has only modest volume (although more today) and positive major news remains thin but always “better than expected” (Retail Sales and Empire State Mfg Survey). But, hey, Bernanke postulates that the recession is “likely over”. Now, who the hell knew that?!! Geithner was more equivocal in his comments saying a “true recovery still has a ways to go”. Well, okay, let’s just say things are better than before.

Volume increased on an up day for a change but some of this is misleading given one glance at the late day trading on the 5 minute SPY chart. Breadth however was positive but not overwhelmingly so.

Read all of Dave’s Daily here.>>

 

 
 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

160,887FansLike
408,804FollowersFollow
2,120SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x