Schaeffer's Analysis

Bernie Schaeffer,Chairman of Schaeffer's Investment Research,has been analyzing the recent rally.The rally is based on a very powerful oversold buy signal,Mr.Schaeffer said.Typically,this goes much further than a bear market rally.Hedge funds are moving away from deleveraging and starting to get involved here.Bonds are also very oversold,in Mr.Schaeffer's view.