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Wednesday, May 25, 2011
Bullish or Bearish?
With the market being so volatile, the "bears" seem to be out in force. Last week a glimmer of hope arrived as a new IPO sparked a glimmer of hope for investors. Linked In (LNKD) came bursting out of the starting blocks. With a opening price of $45 per share it immediately jumped to $83 and continued to rise, hitting a high of $122 per share. Netflix (NFLX) also continues to rise in the face of the stock market gloom. As far as the market as a whole is concerned, investors have been hesitant and the market is continuing to fall. However, the dollar remains strong in the amidst it all.A bear market is here but with hope that the bull is lurking right around the corner.
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