Why did market surge despites worst jobless rate in 16 years?
Will there be bear rally in the next two months or will the market stabilizes after rally?
Do not you think that we should keep some stocks in our portfolios to take advantage in intermittent rallies?
Answers
4085 points
EthanR answered 10 months ago …
The market surge had more to do with the stimulus bill than anything else. Market shrugged off the bad jobless data, as it is now old news. I think this is a trader's market more than an investor's market. Buy decent stocks when they are pulvarized and sell them after they go up to whatever your trading goal may be (10%, 15%, etc).
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164 points
Prudent answered 10 months ago …
The rally was due to stimulus bill and market was already in oversold position so a short rally was expected.
Investing in stocks expecting a short rally is risky , unless you have a good pick that is expected to do well in the next 6 - 12 month.
General trend is bearish as of now.
