Monday, March 23, 2009

Holy Moly!!

How about 6 or 7 percent in a day! Very impressive! Tim Geithner broke his streak of disappointing Wall Street. We broke thru some major resistance lines today on the way up. I'm glad I at least put a little of the retirement money back in on Friday.

This is looking like it's for real but lets keep a level head. The last half dozen or so times that the gov't has announced a magic pill to fix everything, there has been dancing in the streets for a day but then reality set in. I'm in no rush to put the rest of my money back in. Every bounce and rally has it's limits and we'll trade in a range for a little while.

It'll be nice to stop dropping for a change. We haven't had a single positive month since August. We're overdue. Let's enjoy it if it lasts thru to the 31st.

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