Let’s keep our fingers crossed this holds and media stocks start rebounding.
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Keep wishing. This is a dead cat bounce before the next wave of foreclosures and layoffs sink us even further into recession. It will be a long, long time before media stocks recover from this.
Temporary, artificial and manipulated. At this posting it has already retreated 75 points.
Will the Republicans call it the “Obama recovery?” Doubt it.
err… sell ?
Hate to say this, but hope is a poor strategy. Plan accordingly for the crash to come!
So where was the cheerleading when the Dow was surging towards 14,000? Oh that’s, it’s a donkey in the White House now and everyone loves the stock market going higher now.
Ignore prophecies of doom, esp. from anonymous commenters, and esp. the gleeful sounding ones.
Everyone has an agenda.
As of the date of this posting, it looks like those crazy gleeful sounding anonymous commenters issuing prophecies of doom were right…..