Seriously guys, where did that rally come from? I follow at least 60 stocks at any given time and I didn't see much movement in them. Yet the DOW, SPX have literally come back from the dead. Where did the money come from.
Maria Bartiromo is still talking about buying the dips. What dip??
This market has been doing this for the last couple of years. Wall Street banks and investment firms begin buying late in the day (low volume makes it easier) in order to turn a sell-off into a rally. Mondays are their favorite days to set up these rallies.
I do not see any reason why because the news has been the same unless the volatility team injected more paper to give the illusion that things are not that bad so the talking heads can sugarcoat reality.