Is This the Bottom--Update #4
With the market indices reaching near-term highs on the strength of continuous daily gains, I feel the need to update the discussion on the process of completing a down cycle in the stock market.
In the later stages of a down market cycle, the market will tend to overshoot on the upside, just as it tended to overshoot on the downside. The challenge is that while there is a sign of recovery, much of the data hasn’t confirmed it and market participants will experience a bull...