This attempted rally is weak. Nothing but defensive names leading the charge. I could be wrong but I say the general markets gets sold off once more. When you have names like Dollar Tree ahead of the rest, tuck tail and run.
This attempted rally is weak. Nothing but defensive names leading the charge. I could be wrong but I say the general markets gets sold off once more. When you have names like Dollar Tree ahead of the rest, tuck tail and run.
The volume is on the light side however. So maybe a farther slip is coming? Especially since the EU has only made promises so far and the US still has a 9% unemployment rate with no new jobs in sight.
The volume is on the light side however. So maybe a farther slip is coming? Especially since the EU has only made promises so far and the US still has a 9% unemployment rate with no new jobs in sight.
Also, the days of "Volatility" are far from other, and likely here to stay for some time. Many "investors" are still on the sidelines, meaning short-term traders and hedge funds are having a field day, and driving lots of the volatility.
As a barometer of the Average Joe Investor, Mutual Funds have had "outflows" for something like 4 or 5 consecutive months, now.
It's likely a rally in a Bear Market.
Also, the days of "Volatility" are far from other, and likely here to stay for some time. Many "investors" are still on the sidelines, meaning short-term traders and hedge funds are having a field day, and driving lots of the volatility.
As a barometer of the Average Joe Investor, Mutual Funds have had "outflows" for something like 4 or 5 consecutive months, now.