Would the Trend change have something to do with the European markets closing.
Seems to me there is a massive amount of traders that trend the market one way or the other, particularly the US market. Most well know financial web sites in the US don’t explore stocks in any great detail from what I can see. P/E, forward P/E, an average of broker recommendations and trend is all buyers are concerned about.
I’m just guessing that once the negativity of the European markets stopped that to the US this was now yesterday and a rally began. One Highly emotional market that one if I am right? Longer term trend is still down.
rembrandt I agree much better to stay optimistic, this will end, the sky will not fall in and hopefully fundamentals will be the primary focus of longer term investors.
