Hope

The market doesn’t need specific and confirmed moves to bounce. It only needs a glimmer of what is possible. Yesterday’s rally was based only on the hope of a stimulus package being passed by Congress. It wasn’t actually done. Yet the largest rally in decades occurred , an almost 11% jump. This is ominous as it could easily reverse and crush the market even worse than before. I learned a valuable insight on Bear markets: Bear markets don’t end with optimism , they end in despair! I believe that the market will turn down once again yet it might be a slow steady grind instead of the leaps we have been seeing.