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The size of the rally surprised even those who had remained bullish through last week's plunge.
And while it is decidedly gloomy for the short term, the investment bank is quite bullish through 2013, with an S.& P. 500 target of 1,575 at the end of the year.
Remained bullish through downturn predicting that India's stock market would rebound.
During its run-up in 2010 I wrote "Why You Should Love Netflix," then when the stock crashed in late 2011 I wrote "The Case for Buying Netflix" and last January I predicted Netflix to be "the turnaround story of 2012". It would be logical to ask why I would remain bullish through all the ups and downs of this cycle - especially since Netflix is still only about half of its value at its high-point.
She has basically been bullish through most of this year, in the process catching the recent 14% rally.
Similar(55)
Friday's reversal and today's bullish follow-through in the stock markets have not been supported by rising government bond prices.
For now, traders should watch if WTI and Brent are able to hold their gains above their support levels and if there is a bullish follow-through from WTI crude oil's flag pattern.
In a social media post, the firm called its pre-debut mood as like "a 15-year old boy full of vigour and bullish spirits through the sky".
The trader initiated a calendar roll to take profits on the previously established long call position, and to extend bullish sentiment through May expiration.
Richard Ross, global head of technical strategy at New York brokerage Auerbach Grayson, who was confident in the equity market's bullish trend through the summer and into the early fall, still believes the uptrend in stocks is intact.
"Hurricane Harvey is likely to fuel bullish market sentiment through the first half of September," BarCap analyst Michael Cohen said on Friday morning, the day the category four storm struck landfall in southeastern Texas before weakening to a category one hurricane.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com