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Classic Relief Rally

Just a quick post to show the sentiment swing that has caused/enabled the bear-market rally off of the March stock-market lows. The chart above is Intrade.com’s “Recession in 2008″ contract and it is now at new lows, putting the odds at less than 25% vs. 80% at the height of the March panic. I’m guessing that the pendulum will soon start swinging back in the other direction.

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This entry was posted on May 12, 2008 at 11:10 am and is filed under Mr Market, Stocks & Financial . You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.

One Response to “Classic Relief Rally”

  1. Market Update - Listening, Watching, Smelling « chrisco.us Says:
    July 3, 2008 at 9:39 am

    [...] time for a quick market update. Last time I posted on this was May 12th (see here), when I said that the rally from the March low was just a classic relief rally in a bear market [...]

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