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Thread: Ready for a rally or slump into the bottom?
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[quote=GUESTSTOCK,278251]With Bear Stearns' collapse and and Lehman's near-death experience (its shares slumped sharply and jumped back finally on Monday), many investors think that US stock market has slumped into the bottom. However, the statistics shows that the S&P 500 had increased by 6 per cent by Thursday compared with Monday, while the S&Pfinancials index had jumped to 18 per cent, at its highest level of the month. On the other hand, the dollar has increased by 3 percent since it fell to the lowest in history. Thus, some analysts analyze that the market is ready for a rally very soon. What do you think of US stock market? Is it ready for a rally or just has slumped into the bottom?[/quote]
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