Sun 17 Jun 12 | 07:39 PM ET

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Recent Rally Has 'Limited Legs'

Sun 17 Jun 12 | 07:39 PM ET

Michael McCormick, Director at Belvedere Share Managers, says that markets' patience with Europe is running out, and that their focus is on the European leaders' summit at the end of June. Unless the issues in Europe are truly resolved, the recent rally will be limited.

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The Week Ahead: Housing Data on the Way Fri 24 May 13 \| 06:02 PM	The Week That Was: Dimon's Good Week Fri 24 May 13 \| 06:01 PM	Options Action Web Extra Fri 24 May 13 \| 05:59 PM	Wolfgang's Steakhouse Expansion Fri 24 May 13 \| 05:15 PM	Why One Trader's 'Sort of Spooked' Fri 24 May 13 \| 05:03 PM
Is Market Psychology Changing? Fri 24 May 13 \| 05:00 PM	Beef Prices Concern Traders Fri 24 May 13 \| 04:58 PM	Can Agriculture Stocks Grow? Fri 24 May 13 \| 04:53 PM	Arrested Development Launches Sunday on Netflix Fri 24 May 13 \| 04:50 PM	The Business Behind the Indy 500 Fri 24 May 13 \| 04:48 PM
Solutions to Bridge & Road Woes Fri 24 May 13 \| 04:37 PM	Good News For Your 401(k) Fri 24 May 13 \| 04:22 PM	P&G: Former CEO's Encore Fri 24 May 13 \| 04:10 PM	Time to Fear Inflation? Fri 24 May 13 \| 04:05 PM	Cyberthreat Weekly Recap: Week of May 24 Fri 24 May 13 \| 04:00 PM
Summer Investing: Advice From the Pros Fri 24 May 13 \| 03:53 PM	Summer After Sandy In Jersey Fri 24 May 13 \| 03:43 PM	Markets Move on Fed's 'Taper' Hints Fri 24 May 13 \| 03:34 PM	Talking Numbers: Can Delta Fly Higher? Fri 24 May 13 \| 03:30 PM	Delta Pours $1.4 Into JFK Terminal Fri 24 May 13 \| 03:23 PM
Sprint Deal a Matter of National Security? Fri 24 May 13 \| 03:13 PM	Closing Bell Exchange Fri 24 May 13 \| 03:00 PM	3 to Watch: TIF, XRT & VRX Fri 24 May 13 \| 03:00 PM	Budweiser's 'Do-It Yourself' Draught Fri 24 May 13 \| 02:57 PM	Do Babies Destroy a Woman's Ambition? Fri 24 May 13 \| 02:50 PM
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Recent Rally Has 'Limited Legs'

Recent Rally Has 'Limited Legs'

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