*Don't buy this bear market rally; real boost coming by July* Advertisement
Thursday, April 16, 2009
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*By Daily Crux Editor Sean Goldsmith:*
It's tough to make money in a bear market. Long-term investors see their
stock holdings deteriorate. Traders get whipsawed by extreme volatility. Not
until the market has shaken everyone out, and no one wants to touch stocks,
does it turn around. But there are several suckers' rallies along the way to
suck a few extra dollars from investors.
And the recent stock rally has been just that. The trading volume was too
low to be a real turnaround. According to NYSE Chief Executive Duncan
Niederauer, "The real money investors are still waiting. I think they're
waiting, they're watching. They want to make sure that what we saw in March
is real. And I think once they are convinced, you will know it. The market
will have a totally different tone to it."
He expects the "real money" to jump in around June or July.
