Roowns

This Rally May Have Legs - Bespoke

I disagree.
Recently Bespoke published that "Since the end of February, short sales on the New York Stock Exchange increased by 10.7%" on the rally.
This sign tells me people are not scared by the rally and use it to increase their bets on the market fall.
The market reaction to Fed plan was totally wrong since all those money are pumped into banks for what ? To make sure this sector that contribute with nothing to economy doesn't fail and what banks are doing with the money ? Paying CEOs or keep liquidity for the rainy days.
The few improvements that we've seen into the economic indicators surely are just a small step before we make a picture if it's the bottom or not.
And after market rallied so much it makes it even more risky to enter now.