Monday, December 22, 2008

What About Next Year?



Above is a video from this week's Barron's. Essentially, people are seeing a modest recovery but nothing to write home about. The Fed printing money and the mammoth spending plan coming in will help but the economy is facing incredibly strong headwinds. That being said, consider the following charts of the NYSE and NASDAQ advance/decline and new highs/new lows line with the charts listed below.









Click on all images for a larger image

With all of these charts, notice the new highs/new lows line is decreasing at a far lower rate and the advance decline line has rebounded somewhat.