Worst and Best Trades From 2008
Houghton and Atkeson, January 1, 2009
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3. The Bears Who Stuck With It
As of Sept. 22, the Russell 2000 (RUT) was roughly flat on the year. With interest rate cuts and government bailouts coming at a blizzard pace, many short positions were not profitable for much of this year.
If you were one of the few who did not get whipsawed out of your convictions and positions, congratulations.
Next: Merrill Lynch Selling Itself to Bank of America
More By This Expert
Looking into June, the market should begin refocusing on upcoming earnings reports for evidence the economy is gaining momentum.
Watching the Treasury's Actions
In the short-term, the government's bond auction is likely to be a key driver of stocks.
Treasury Auction Boosts Market
The Treasury's auction of two-year notes brought an upside surprise which should alleviate fears of a lack of demand for U.S. paper.
Credit Markets Point to Upturn
The credit market, a reliable indicator of equity direction, suggests we will break out of the SPX's trading range to the upside.
The market seems to be saying that a 30% move up from the lows is ahead of the real economy and the market needs to allow the economy to catch up.
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