Warning: The bear isn’t hibernating yet
Some fear the bear will return in April. Even if the economy has hit bottom, the news may just be ‘less bad’; GM, bank stress tests and earnings are concerns.
March came in like a bear and out like a bull on Wall Street. But will the bull stick around or will the bear return to try and prove T.S. Eliot right about April being the cruelest month?
The S&P 500 fell nearly 8% during the first six trading days of the month but surged nearly 18% after that to finish the month up 8.5%. The stunning rally in the latter part of the month came despite more bad news about the economy and Corporate America.
That’s led some investing experts to question whether the recent rally has legs. There are growing fears that the Tilt-A-Whirl otherwise known as the stock market is ready to start spinning madly out of control once again.
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