Bulls and bears

What is the state of the market?

  • We've seen the worst of the bad news, the market has bottomed and a bull market has started.

    Votes: 2 25.0%
  • The unemployment figures haven't begin to be published yet.We're in for a recession.

    Votes: 3 37.5%
  • I'm standing on the sidelines. It's too difficult to call at the moment.

    Votes: 3 37.5%

  • Total voters
  • Poll closed .
As I write the US indices have been testing key resistance levels and the footsie is closed for a public holiday but poised to test the 6000 level following a close at 5870.

Opinion is divided on whether or not the market has bottomed and if we are to see a recession.

Just thought it might be interesting to have a poll on the subject so here goes...
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after such a masssive decline, the best you can hope for is a sideways trading range for a while. However, that can be most profitable, providing you know how to play it. The most important point is realising you are in a range, so that you don't buy at the top of it (which is why I am on the sidelines) Once it dips, we will be in a good position to see what will happen, and play the game accordingly.

Good luck