Market rally more durable than expected

The rally in the market since early October has proved more durable than many expected and so it is ...

The rally in the market since early October has proved more durable than many expected and so it is not surprising to find investors asking whether the rally is signaling the end of the bear market and the beginnings of a recovery in confidence and market stability. There was clearly a crescendo of pessimism at the end of September as concerns about a war in the Middle East added to mounting evidence the world's largest economy was experiencing weakening growth and ebbing consumer confidence. The sharp falls in the market in August and September that accompanied this pessimism set the...