The most overhyped rally ever?This is a retracemnt...nothing more

Discussion in 'Chit Chat' started by dsq, Mar 30, 2009.

  1. dsq


    UPDATE--DOW DOWN 400 PTS since i posted this here on friday morning...

    03-27-09 12:51 PM

    Its been a nice rally but nothing compared to what the tv yappers are blabbing about.I mean msft went from 15 to 19...Great. 4 points.The dow has rallied 1000 pts off the bottom.Big deal.It fell 7000 pts and now all this giddiness about the greatest rally in 70 yrs?Folks this is a 14% retracement of a massive sell-off.Nothing spectacular.Citi and bac have doubled yet are 90 % down.Is that some great rally?