Bear Market, Bull Market or Dead-cat Bounce…It Matters Little to the Stalwart Penny Stock
Over the last eight weeks [June, 2006] I’ve been spending a lot of time reading articles describing the current market conditions…trying to figure if it really affects penny stock investors.
Are we in a bull market…are we wading into a bear market. Or is the recent rally just a dead-cat bounce?
The dead cat bounce refers to a short-term recovery in a declining trend. There’s a (relatively) old saying in investing: even a dead cat will bounce if it’s dropped from high enough.
No matter how you slice it…I’m not sure it even matters to penny stock investors like you and me.
For example…stocks surged in Japan this week as reports showed growth in manufacturing and exports. Markets rose across Asia as investors were encouraged by Wednesday’s gains on Wall Street.
Strong earnings reports from two bellwether stocks gave penny stock investors hope that rising interest rates wouldn’t kill profits. The recent sell-off, said one economist was “just turbulence.”
The...
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