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...this is healthy? No, I wouldn't say healthy. What we said coming into 2009 is that stocks would enter a base-building phase that would, over time, heal the technical damage done to the market in 2008. What base-building means is that you go into a trading range. But we also could have some very exciting rallies in the process of base-building...
...does this rally have more to go? This rally can hit 1055 on the S&P 500 and 9800 on the Dow, but longer term, we have to view this in the context of a base-building process, which means that we are probably going to go back down and retest the lows before this process is over. [The stock market's lows were 667 on the S&P 500 and 6440 on the Dow, both reached in early March...
...base-building allows this rally to continue for a while, but you're also saying that it could take the Dow back below 7000? What determines our fate? Whether we return to the lows will really depend on what happens to the financial-sector stocks. The government has provided many new programs to help fix our banking system, and how those programs work will determine whether the financial stocks have to go to new lows. The broader stock market has been building a technical base since October, but financial stocks are just starting to build a base. The risk...
...there any parallels to this stock market? We've likened this market to 1937 and 1938. In '37 you saw a 50% correction within the equity market. But in 1938, from March '38 to November '38, the market had a 60% rally. That was all part of a base-building process. The stock market really didn't make its low until 1942, and that was a marginal new low - all in the context of building a base. So what we're trying to tell investors is that the key to this market now is patience - that this is going...
...picture and an invitation for its 151 Twitter followers to come claim the vouchers.Twitter, a three-year-old microblogging service, has millions of users who post steady streams of short updates called “tweets” that are limited to 140 characters. Twitter’s user base swelled 900% last year. Companies, in turn, are quickly catching onto the service as a marketing tool.“There’s so much opportunity to have dialogue with people in a very authentic way. That’s the cool thing about Twitter,” Olinto...