Are We There Yet?
Finance March 13th. 2008, 9:32pm
The question that many investors are having today is: are we there yet? I mean, are we at the bottom of the stock market yet? Business Week has written a nice article about this, Stocks: Signs of a Bottom?
As you can see in the above chart, Dow Jones index went to its lowest in January. That’s where the turbulence started. After taking “a break” for about two months, the market tests the bottom again this month. It breaks the “psychological level” (= 12,000); but it rebounds again the last three days.
I am not trying to become a wizard here; so let’s wait and see….