The 200-Day Moving Average
As I continue to receive questions about the direction of the stock market, it seems that many investors are in awe of the rapid move downward in 2008 followed by the rapid move upward in 2009. It would seem that although the economy is going through a difficult time, it probably wasn’t really as bad as we thought it was last year; and, it probably isn’t as good as we think it is this year.
In the short run, the market is a voting mechanism where the next voter...