Rallies in 2008 relative to now
During the 2008 financial crisis, there were 6 different rallies before the market really bottomed. The rallies ranged from 9% gains to up to 26.5% gains right before it took a 30% dive and bottomed at $665. Afterwards, it just took a bull run for the next 10 years.
What we can gather from this is that, any rally might just be temporary and potentially, there might be a sharp downturn after this bull run for the last 2 days similar to the last rally in the 2008 financial crisis. That might also signal the bottoming out which can be a good entry point to start entering the market.
What we can gather from this is that, any rally might just be temporary and potentially, there might be a sharp downturn after this bull run for the last 2 days similar to the last rally in the 2008 financial crisis. That might also signal the bottoming out which can be a good entry point to start entering the market.
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