Welcome to the extended version of the BAM Market Note. We are not bloggers by nature but have had clients and friends inquire about our thoughts on the market in between our newsletters. The number and content of posts will likely be determined by the conditions of the markets and the interests of our readers. We would greatly appreciate your feedback and comments.
Monday, May 21, 2012
RIGHT ON CUE
As widely expected after over two weeks of losses, the markets bounced back today with large gains in all the major indices. Just before the market close, the S&P is up 1.6%. As we have mentioned here and in our bi-monthly newsletter, the bounce, while important, is not conclusive that we have seen the bottom. The key will be if the markets can hold onto these gains for the next few days. We will have much more confidence in the rally today if the gains can be kept and if the next down turn can be met with buying. Now it gets interesting...
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