Tag Archives: NASDAQ 100 Qubes
They’re building it up again, brick by brick! On Wall Street, it’s said that “a bull market climbs a wall of worry.” For a while in January, I was concerned that the wall might come tumbling down. Fueled by 2003’s huge stock market gains, investor sentiment was bordering on euphoria.
Yesterday’s sharp stock market rally brings home a point known to every veteran investor: In the short term, the market can do anything. After a weak opening that seemed to hint at a signficiant breakdown, stock prices soared on news that President Bush plans to reappoint Alan Greenspan as Federal Reserve chairman in 2004.
Are the stock market’s bulls finally weakening? This morning’s downturn in the major indexes could be sending an important message.