"We're seeing a net flow of buy orders from retail investors here, so they're looking for bargains. I have not had anybody call me and say, 'Here's what I own. Tell me what I ought to sell,' and I've seen that in other high-volatility periods," Dickson said.
While the major indexes showed strong gains on Thursday, the S&P 500 has fallen for 11 of the past 14 sessions. Analysts said they still awaited a bottom in the correction that has taken the S&P 500 down 14 percent from its April 29 closing high. "The trend is downward now. We're having a big up day, but it's been very volatile. We've been up against resistance for a little while in the 1,170 level in the S&P 500 ... our next level I believe is 1,188," said Stephen J Guilfoyle, U.S. economist for Meridian Equity Partners and institutional sales trader on the NYSE floor. One sign the market's downturn may not be over is a measure of stocks with 52-week highs versus 52-week lows, according to Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston. "Some days need to pass before that indicator reverses," which would then suggest a bottom, he said. http://finance.yahoo.com/news/Wall-Street-roars-back-but-rb-2117187716.html;_ylt=AtjZY1FS4MmyIB_wJTn2sKsUaq9_;_ylu=X3oDMTByNXBodDdrBHBvcwMzBHNlYwN0b3BzdG9yaWVzBHNsawNGMg--?x=0 '+'
