14 « November « 2008 « Investment Postcards from Cape Town

Is stock market rally “real”?

By Prieur du Plessis, on November 14th, 2008 posted in: Investment, Markets, Money

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What a wild day on stock markets yesterday! At one stage the Dow Jones Industrial Average plunged to below 8,000, but staged a spectacular rally late in the session to close 6.6% up on the day. With the likelihood of further short-term gains a possibility, it remains too early to tell whether a secular low has been recorded. [...]

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