Expect a Strong Market Pullback Tuesday, 19 May 2009 | 4:42 PM ET Markets bounced back on Tuesday as banks rallied and a gauge of fear in the market dropped significantly. Stocks had gotten off to a weak start after a report showed housing starts unexpectedly fell to a record low. In the meantime, experts expressed mixed feelings about the market outlook. Read and listen to what they had to say... Expect a Strong Market Pullback Bernard McSherry of Cuttone & Co. said traders are expecting a "strong market pullback" and they're debating whether to get on board before it's too late or wait for such a pullback. Still Skeptical on Market Rally Dan Deming of Stutland Equities said he is skeptical about the market rally. He said housing starts are not bottoming out yet because there's an oversupply in the housing market. In the meantime, unemployment needs to be focused on over the summer.
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