1. Analysts say the financial markets are not at the beginning of a sustained rally but are merely heading into the happy end of some wide trading ranges. 2. As long as the uncertainty persists, a sustained stock rally is unlikely, traders said. 3. At some point, the market will hit bottom and begin a sustained rally. 4. But he said there are still quite a few unknowns that could quash any sustained rally. 5. But that news was not enough to stimulate a sustained rally and prices later fell. 6. In the past couple of years, a surge in profits has fueled a sustained stock rally. 7. Possibly the next big opportunity for a sustained rally will be in July, when corporations release second-quarter financial reports. 8. Short covering is a strategy employed by traders in which shares are purchased as a hedge against the outside chance of a sustained rally. 9. Some analysts believe an earnings rebound alone will not be enough to launch a sustained rally. 10. The market had some wildly volatile sessions in January, but finished the month virtually unchanged, so it may be poised for a sustained rally, they said. |