Getting your player ready...
It’s the moments when everyone throws up their hands in disgust — stock strategists call it “investor capitulation” — that tend to mark big turns in the market.
Early in the bear market, that meant distraught investors selling shares. Now, though, demonstrating how torrid the market’s post-March 9 rally has been, Citi Investment Research strategist Tobias Levkovich says the term refers more to reluctant investors giving up and buying stocks.
