April 3, 2009
Today, the markets rose for the fourth day in a row. The NASDAQ
to close at 1,622,
and the S&P
to close at 843.
was unchanged at $52.51,
closed below 40
for the first time since January, down 2.34
The bulls are certainly in a stampede. So far,
pullbacks have been an invitation to scramble aboard. At least one of the
prophets who predicted the March upsurge is now anticipating a significant
pullback, perhaps during the earnings season that begins next week: MV Weather
Report: Bears Left Out in the Cold. Meanwhile, Paul Goodwin's Cabot
China and Emerging Markets Newsletter has turned positive, and he's added
another Chinese stock to his stable, bringing his investors to a
More in the morning.