Buy tonight and hold for market rally surge monday morning
Free money
As you can see this headline says it all, it actually says free money next week and all of 2015
No big correction coming
I wonder if the dow was at 5876 if a headline would read no rally coming....guess will never know.
No big correction coming: Polcari
Michelle Fox |
@MFoxCNBC
32 Mins AgoCNBC.com
The U.S. market is going to surge and get into an overbought position before backing off a bit, Kenny Polcari, director of NYSE floor operations at O'Neil Securities, told CNBC on Friday.
That said, "our market is poised to move higher," he told "
Closing Bell."
"If anyone's expecting a big correction, I don't think it's coming."
U.S. stocks rallied on Friday after a
deal was reachedbetween Greece and its creditors in the euro zone.
The
Dow Jones industrial average had its first record close for 2015 and the
S&P 500 ended the week at its third record close for the year.
The agreement extends Greece's bailout for four months.
"We've kicked the can down the road. We're going to revisit this," Ben Willis, senior floor broker for Princeton Securities Group, said.
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Kevin Caron, market strategist for Stifel Nicolaus, agreed.
"Certainly getting a little bit of breathing room on Greece at least as a near-term catalyst is better than the other outcome but it certainly doesn't solve anything long term," he said.
For "
Fast Money" trader Brian Kelly, any trade on the Greece news would be to buy European equities.
"I'm not sure that Monday morning I'd go out and plow everything I have into Europe. I'd probably be a buyer on a pullback," he said.