TheStreet.com RealMoney

Buyers Flood In

By Rev Shark

 About this article:
 The dip-buyers are doing their thing and have us back in the green after generally poor employment numbers. The strong move yesterday is probably driving the dip-buyers this morning -- they have fresh memories of how this market acted since March and don't want to be left out of the upside again. The weak dollar is helping matters one again. Gold is running and we an upside reversal in oil- and commodity-related names. Retailers, biotechnology and chips are also performing well. This market is running over the bears once again and is creating anxiety among the underinvested bulls. It is exactly the same behavior that we saw all summer, but I'm still harboring some doubts that we are going to repeat the tendency to go straight back up to new highs. ...

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