Might Be A Little Early To Ask "Are Stocks Out of the Woods Yet"

Megan McGrath of Forbes, eyeing a nice rebound in stocks to end the week, wonders “if we’re out of the woods yet,” while momentum and volatility measures typically used in algorithmic trading strategies appear to be asking a different question.

Stocks recover as big banks post better than expected results

McGrath noted better-than-expected earnings results from big bank brokerage Morgan Stanley (NYSE:MS) and General Electric Company (NYSE:GE), which has foreign currency exposure issues, as helping to boost the markets.  Rosy economic data gave investors a feel good hug, as new home construction was up 6.3% in September to a 1.02 million annualized rate, an impressive 17.8 percent year over year rise. This occurred as the Reuters/University of...