A Major Relief Rally Takes Hold

 | Jan 02, 2013 | 4:11 PM EST  | Comments
  • Comment
  • Print Print
  • Print

Amazing money in. Amazing dearth of stock. Where are all of those sellers who hated the market? Where are all of those people who are worried about the debt-ceiling debacle?

To me, there is as much seller's remorse as I have ever seen, combined with pent-up demand for stocks from all sorts of retirement plans. Those who sold because of tax-gain reasons are back buying again. Those who sold stocks because dividends weren't supposed to be as tax-advantaged as they turned out to be are back buying.

And best of all, we know what we are going to pay in taxes! I love the certainty, and others do too, and that is how you could get the biggest rally in four years.

No sellers to speak of. Tons of buyers. 

Columnist Conversations

The bearish star cluster on the Starbucks (SBUX) chart that I highlighted last week preceded price action this...
Ford is working on its third straight gain following two days of steep loses to start this week. At this...
Market is holding on for gains for now but think Doug Kass is right and could see some decent profit taking by...
I have a full blown article surrounding the U.S. Retail Sector coming out on soon, but for now let's just lo...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.