S&P 500 Bounce Has Traders Fearing Another Head-Fake Market
Wall Street pros have a warning for investors eager to jump back into the stock market as it rebounds Tuesday: Watch out for headfakes in the middle of a longer-term decline.
'We call it the 'pull the football' market,' said Joe Saluzzi, co-manager of trading at Themis Trading, referring to the classic gag from 'Peanuts' cartoons. 'Lucy sets up Charlie Brown for the kick, and he falls for it every time.'
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To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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