Investors will have seen enough corporate results by the end of the week to determine if the recent string of encouraging earnings was a real sign stocks can weather the credit crisis.
Homebuilder stocks have staged a remarkable turnaround in 2008, despite a torrent of bad news, but the share prices of many are still closer to the floor than the roof.
The brief rally in financials has ended, as many traders are betting that the bear market is not over, this means that taking profits or placing additional short bets on potentially weak players is a prudent play...... Read More