Not Everyone Is Sure the Stock Charts Are Sounding the All Clear
- Investors grows dubious that strong rally can continue
- After Monday’s drubbing, equities were simply oversold
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Enjoy the buoyant mood while it lasts, say a chorus of skeptics. It probably won’t be around for much longer.
They doubt the rebound in risk assets has much staying power, sensing hallmarks of an oversold bounce in Turnaround Tuesday. Stocks were battered so badly, so briskly Monday, that they were due for at least one session of recovery.