S&P Set for 50%+ Gains? Not So Fast, UBS [View article]
IMO the rally's begun as of Friday. LOTS of money managers looking to get in here in hopes of paring their considerable losses YTD. Citi's chart was a tell on Friday morning as it gapped down for just 1/2 an hour before starting to almost immediately recover well ahead of the general market. And of course the insurance stocks went nuts on the HIG earnings. I think the train is leaving the station, folks, now. I see a possible 5-week rally into the Obama inauguration, then a big correction.
S&P Set for 50%+ Gains? Not So Fast, UBS [View article]