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Make No Mistake: This is a Bear Market Rally
http://www.contrarianprofits.com/ articles/ make-no-mistake-this-is-a-bear-market-...
There’s no denying that US stocks have been rising of late, but is this pick up a genuine bull run or just another bear market rally? Bloomberg reports that the S&P 500 has climbed 9.8% since reaching a 19-month low on March 10. And some Wall Street analysts, like Lehman Brothers Ian Scott, are predicting that better-than-expected earnings will pave the way for a bigger rally. Eric Roseman thinks Ian and his Wall Street pals have it dead wrong.
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