stock market: My experience is that the market seems to hurt the most number of people that it can so if the consensus is that there is a big rally, there probably won't be one, said Ian Winer, director of equity trading at Wedbush Securities, according to Market Watch. I think we've already seen the Santa rally. At least that is the bold forecast among some analysts who believe the market has gone too far too fast. Santa rally is a reference to the stock market's surge toward the end of year that typically takes place around Christmas. Sentiment is bullish, confidence in the economy is improving and earnings are showing signs of bouncing back. Predicting that the rally will be a no-show is a gutsy move given that all the pieces seem to be falling into place for the stock market.
(news.financializer.com). As
reported in the news.
Tagged under stock market, rally topics.