Jeffrey A. Hirsch | The fact that we believe a new bull market is underway has us concerned that any January Effect of small-cap outperformance may be muted. This does not mean it won't occur, but don't be alarmed if it is not that pronounced this year -- it can be a positive sign that lends support to our renewed bullish stance. • Investment Newsletter Insights Trading Strategies: January 2009 Starting over So 2008 has ended, but that alone won't make investing any easier. From bear- market rally tips, to hedging the Obama effect, to a pure play on the Baltic Dry Index, our experts have ideas for 2009. | | |
"Was this just end-of-the-year window dressing, or was it the continuation of the rally off the November lows? The S&P 500 is getting overbought under resistance levels, so some pullback soon is likely. Also, we are concerned about the extreme levels of optimism being shown by options buyers and which can leave stocks vulnerable to a sharp drop. However, a breakout above the resistance levels on good volume would show an increasing demand for equities and argue for a continuation of the rally." -- John Thomas Financial from BARRON'S Market Watch |
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