http://safehaven.com/article-3950.htm Sharp rallies part of crashing market.
72% up volume, but new lows handily outpaced new highs again. Sure looks like players are still focused on calling a bottom more than CYA.
Some comments on today
Yet earnings, and the Fed report were measures of the economy's status weeks and months ago. While investors were eager to buy after October's poor performance, they remain nervous about rising inflation and consumer spending for the fourth quarter and beyond -- leading analysts to wonder whether Wednesday's rally can be sustained.
"There are some signs on the wall here that we may have hit the bottom of this market, and we could be ready to move up," said Chris Johnson, manager of quantitative analysis at Schaeffer's Investment Research in Cincinnati. "The big question, though, is how far we move up and how long it lasts."
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