Those pining for a bottom to the gut-wrenching stock market selloff may be disap...
All the same, data suggest investors should treat the rally in stocks with caution.
“These 8% rallies are not necessarily signs of health,” said Christopher Murphy, co-head of derivatives at Susquehanna Financial Group. “You can’t take this bounce and say that will turn around next week or the week after,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey.
Going by history, those looking to time the end of the bear market should be more encouraged by days when investors take modest bites at risky assets rather than great big mouthfuls.
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