Posted AT 8:14 AM EST on 24/07/08
Investors wise to view rally with skepticism
Since U.S. equities markets bounced off the July 15 lows, they have delivered in just six sessions a return that in less turbulent times investors would be happy to earn over six months or more. That raises the question of whether the rally is for real.
The answer according to several strategists appears to be no. Enjoy it while you can, but don't expect it to last as it is just a bear market rally.
The Standard & Poor's 500-stock index has climbed 5.
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