'A Vicious Bear Market Rally'
So what to make of last week’s stock rally? It was “one of the sharpest on record,” Morgan Stanley strategists said. “While it could go a bit higher, led by the Nasdaq and small-caps, we remain convicted it's still a bear market.” They expect the market’s next down leg to finish by mid-to-late April.
Last week’s enthusiasm may already have worn off a bit, with the S&P 500 little changed in recent trading.
“Bottom line, last week was nothing more than a vicious bear market rally, in our view, and while it may not be completely finished, it is a rally to sell,” the strategists said.
To be sure, experts say you shouldn’t dump a stock when you believe in the long-term strength of a business. And Morgan Stanley doesn’t recommend completely abandoning stocks.
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Talklili : If it continues to climb I will consider adding.
Violets : most people think that it was somehow manipulated because inflation is so bad. and we're not talking the numbers. everywhere you go people are talking about it but they don't understand why big tech keeps making more and more and more money. they don't trust the government and they don't trust the Fed. also there were three trillion dollars in options expiring on Friday and suddenly there's this huge pump
MonkeyGee Violets: don't forget the missing Trillions of stimulus money!
BuffetttttttOP Talklili:
BuffetttttttOP Casper369: haha