Saturday, September 24, 2005
On Monday morning the stock market will correctly assess what the media has failed to do. After all, the media must over hype everything to keep people watching. But in reality Rita was not Katrina, and the market will have a rally next week that will be "one for the ages" The confluence of events--end of the quarter mark-up by the funds and falling oil prices will be the rocket fuel the market needs. Watch. Insurance, tech, even retail and the homebuilders will rally. Oil will fall like a lead balloon.
Posted by Steve at 2:33 PM