Tuesday, February 24, 2009
How could the market rally when the economic news is so bad?
Well, as I previously wrote, the market is not always rational.
Remember, even if the market does rally in the short-run, Faber, Prechter and McHugh are all forecasting a very deep depression afterwards and none of them are recommending that you buy and hold stock long-term. So this is a trader's game, not a long-term investor's game.
Note: I am not an investment advisor and this should not be taken as investment advice.