Wall Street needs a new road sign. “Caution: Sucker Rallies Ahead.”
Plenty of very smart people are wondering right now if we are due a very big rally. And maybe they are right. It is certainly true that there are an incredible number of bargains around. But that won’t necessarily mean the bear market is over. A look through the archives shows that big bear markets, like this one, last far longer than many people expect. And they feature any number of giant temporary rallies.