It’s been exactly 9 months since the S&P 500 put in a bottom (March 9th). Hard to believe how far we’ve come since that day.
I hear and read the same scary statistics every day just like everyone else. But the quote screen doesn’t lie. So I apologize for staying in the game and these are my excuses.
We’re at midday so anything can happen, but as of right now, September of 2009 looks to be going out on a fitting note, a nasty upside reversal after an ugly triple digit sell-off. This is extremely frustrating action to those who held/ pressed their shorts throughout this month, as stocks seemingly defied gravity. A…