Is a Rally in Our Future?

0 | By Wall Street Insights and Indictments Staff

While we were looking for an already-steep S&P 500 earnings at 22%, it knocked it out of the park with a staggering 29%. Could this be an early sign of a rally before the end of the year? The Varney & Co. panel of financial experts are feeling what we can call “cautiously optimistic” about the outcome.

Then, the experts talk the low cost of oil, and Shah Gilani says that he thinks it has temporarily bottomed out, with some talks coming out of OPEC and Iran. We all may be enjoying some lower gas prices, but if oil production gets cut, that could mean trouble. Later, General Electric (NYSE:GE) is down to a measly $8 a share, but Shah says that this is no time for a long-term buy and hold. The company is drowning in their debt, and it’s only a matter of time before we can add GE’s name to list of companies we’ve watched sink to the bottom…

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