Forex | Forex | Is This the Start of the Next Bull Market or Massive Short-Covering Rally? (16/07/2009 02:55:14)

Is This the Start of the Next Bull Market or Massive Short-Covering Rally?

The September S&P 500 opened higher and never looked back today fueled by increased demand for higher yielding assets.  This week’s rally has been triggered by a perfect storm of better than expected earnings reports and friendly economic data releases.   The size of the move over a short period of time has many traders questioning whether we have reached an overbought status.   The fundamental traders will argue “no” as they believe that the best is yet to come because


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