RE: RIM prices on Jul 3, 4 and 5 ?EXF may be instructive...in very similar circumstances, they climbed as much as 70%+ off their lows after they reported their earnings.
but who knows....USD is up though which is good...futures remain in the red which is bad, are slowly moving up which is good
when the 4 july weekend ends without a city being vapourized, sentiment, fickle as always may change
I am very much of the mind that Mr. Bear, within the month, will switch his sights from the permabulls and concentrate on the shorts and the gold bugs....Mr. Bear does not like lots of company...the rally will be surprisingly strong and of course just when everyone is crowing that the go-go days are back, the rug will be taken out from under them. In the meantime though...
It is hard to say when the market will turn and of course not all stocks will bottom at the same time...I certainly would touch the Nortel or JDU's, Nortel especially whose survival is at grave risk