Monday, October 13, 2008

The Bounciest Dead Cat Ever

Dow rockets up 936 points, or 11%.
``You're seeing finally the magnitude of the response that's necessary to restore confidence,'' said Richard Campagna, chief investment officer at Provident Investment Counsel in Pasadena, California, which manages $1 billion. ``Off the kind of decline we had last week I would look for a 20 percent move off the low.''
One hell of a rally for sure.

But what will tomorrow bring?

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