Friday, December 05, 2008

Santa Claus rally after a little more pain?

Despite really crappy nonfarm payroll numbers today, the market managed a 250 point rally.  Notwithstanding Bill Miller's constant bottom-calling, this still does not look like it.  Bottoms are processes, yada, yada, yada...

We will likely test out lows one more time for the big Dubya pattern-- how fitting-- as a tribute to our fearful leader who actually uttered the "R" word today.

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