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This Isn't Normal Price Action": Was Today's Historic Surge Just A Bear Market Rally

johnNjohnN
in The Bullpen
https://www.zerohedge.com/news/2018-12-26/isnt-normal-price-action-was-todays-historic-surge-just-bear-market-rally





To the bulls, today's rally was long overdue.

Whether today's record 1,086 point surge (and 5% jump) in the Dow was the result of Trump saying yesterday that shares present a "tremendous opportunity to buy" (so BTFD), or thanks to White House advisor Hassett's assurance that Fed Chair Powell's job is "100 percent safe", or due to a major short squeeze of CTAs all of which had just turned short on US stocks, or the result of a massive $64 billion pension reallocation into stocks, or simply a bounce from massively oversold conditions, one which saw the RSI crash to 14 on Monday and the CNN Fear and Greed index plunge to a record low...
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