Markets Hub: Who Doesn’t Love a Rally?

Posted by Paul Vigna on April 20, 2011
Markets, Stocks

Lot of ground to cover in today’s show: big stock rally, earnings, the falling dollar and the rising (very, very slowly) yuan. Today’s special guest is Mike Ryan, chief investment strategist at UBS Wealth Management.

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1 Comment to Markets Hub: Who Doesn’t Love a Rally?

Chance
April 20, 2011

Rally? You’re kidding, right? A rally is when the market MOVES higher, not when the market is OPENED higher.

Opening the entire market 1.5% higher reeks of desperation on behalf of those who do such things. They’re basically saying, the market needs help going higher and crossing resistance levels. Things in a true bullish market it should be able to do on its own.