A diary of the thought process behind my investment decisions
This is purely anecdotal. I have read in a few places that today's action represents a suckers bounce and was thinking the same thing myself. But generally a good suckers bounce gives people hope that the bottom is in and does not have everybody calling it a suckers bounce. This leads me to believe that the market will first need to suck a few more people in even if this indeed is a sucker's bounce.