Market Extends Rally, Led by Financials, Energy
Source: Reuters - August 24, 2009
August 2009

SCM Advisors' Chief Strategist Maxwell Bublitz was quoted in an article by Ryan Vlastelcia examining the cause and effect of recent market gains.

Quoted from Reuters:

U.S. stocks rose to 10-month highs on Monday, led by financial and energy shares as investors extended a four-day string of gains on optimism about economic recovery...

"The movement today is follow-through from the weekend," said Max Bublitz, chief investment strategist at SCM Advisors in San Francisco. "We were up on Friday. Asian and European markets had a chance to follow through on that, and now we're building off them."

www.reuters.com