Submitted by Maltheus on Mon, 12/08/2008 - 14:14
It's amazing how long this rally has lasted. Up almost another 300 points today. The Dow brushing right up against the 50 day moving average for the first time in 2 1/2 months. I guess everything is fixed now. I mean we hit our bottom and we'll soon be racing to all time highs, right? What a convenient recession!
It won't last of course, but there will soon come a day where inflation will lead to a sustainable "rally", whatever that means. Given the moves in oil and gold, however, I doubt that's what we're seeing now.