Sucker rally
Seems as if we're moving from yesterday's rebound in both metals and stocks into today's expectations of more metals gains with falling stocks. Cincy opined to Chgogal out stocks sure look like they're setting up a "sucker's rally" and while IBD shows Stocks Extend Their Recovery Effort the "higher"volume is still below average. The question seems to be in the buzz:
Are Correction Conditions Rising, Fading? - Michael Gayed, MarketWatch
Don't Be Surprised If Stock Market Reverses Itself - Vitaliy Katsenelson, II
Divining Direction of Markets Is a Loser's Game - John Kimelman, Barron's
Why Investors Shouldn't Listen To Economists - Mohamed El-Erian
Valuations: Is the Stock Market Overpriced? - Chris Ciovacco, Ciovacco Cap
--other stuff:
looks like it so far, tho there are a lot of rebounds that look like this too...