Market Surges to 2-Month High--Why?

By David Brown, Chief Market Strategist, Sabrient Systems

The usual suspects of Materials, Industrials, Financials and Energy continue to lead this unstable market both up and down. Technology has been less volatile, and in fact it has been tracking closely with Healthcare lately. These two also happen to rank the highest this week in Sabrient’s SectorCast ETF rankings.

Investors dumped equities late last week ahead of the weekend – largely due to the tenuous situation with Greece’s debt and the associated fall in the euro (and a commensurate rise in the dollar). But I also think there was a flight-to-safety ahead of the 9/11 anniversary, especially among Wall Street traders given the terror threats and heavy security in NYC.

You Can Fool Some of  the People Some of  the Time

by David Brown, Chief Market Strategist, Sabrient Systems

But apparently, you can't fool Standard & Poor's.

Doom & Gloom . . . or a QE2 Boom?