Tuesday, October 28, 2008

Markets Surge Forward

Wow! What a day. The 2nd biggest ever and I really expect to see more as the days go forward. Those smart enough to have taken advantage of the discounted prices saw their fortitude flourish today as the buyers overwhelmed the sellers by far. When you have many buyers and few sellers, people end up paying a premium. Those who didn't sell know they are holding what will apparently appreciate even more. We will see some profit taking in the following days, but I believe the bear is loosing some bite.

Have a good one,

No comments:

Post a Comment