U.S. Stock Market’s Limited Rise Led By Financials
Source: MarketWatch - August 6, 2009
August 2009

Maxwell Bublitz, Chief Strategist of SCM Advisors, was quoted in an article by Kate Gibson discussing the sustainability of recent rises in the stock market.

Quoted from MarketWatch:

“My sense is this thing does have some legs,” said Max Bublitz, chief market strategist for SCM Advisors, of Wall Street's recent upward swing.

“A lot of the institutional managers did not participate, and are trying to play catch up. Hedge funds participated even less. So there is a little squeeze going on, if not a short squeeze, a non-participation squeeze,” said Bublitz.

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