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Should You Believe in this Rally?

Tuesday, 10 Nov 2009 | 6:24 PM ET

Although the rally remains intact, not everyone thinks it's for real, and that's why tonight we're playing "Bull Market or BS" with Richard Bernstein, CEO of Richard Bernstein Capital Management. Should investors be weary of the bull market, or is it time to go along with analyst estimates that are coming in increasingly positive?

Bernstein is not as excited about the upward market trajectory as many of the analysts out there, rather, he believes that investors are confusing the "secular" backdrop of the market with the cyclical uptrend. He sees the market responding to stimulus money that has yet to be unleashed on the economy, just as it should be. What kinds of stocks should you be watching in this kind of market, and which indicators are most important?

Bull Market or BS?
Investing by playing the dollar's weakness, with Richard Bernstein, Richard Bernstein Capital Management.

Check out the video for Bernstein's full analysis!




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Trader disclosure: On November 10th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;
Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (FCX) Put Spread, Owns (JWN) Calls, Owns (RIMM) Call Spreads, Owns (UUP) Calls, Owns (YHOO); Terranova Owns VIX Nov. 24 Puts, Owns (GS), (WYNN), (JPM), (FCX), (SU), (MRVL), (BRCM), (BAC), (GOOG), (HOC), (RIMM), (AAPL); Najarian Owns (TXN), Najarian Owns (INTC), (INTC) Call Spread, Seymour Owns (BAC); Seymour Owns (AAPL), Najarian Owns (LAZ), (LAZ) Puts, Najarian Owns (BTU) Call Spread, Najarian Owns (EXPE) Calls

Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.

Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)


RICHARD BERNSTEIN

LIZ DUNN

Thomas Weisel Partners LLC Or Affiliate Has Managed Or Co-Managed A Public Offering In Past 12 Months For (CACH), (ULTA), (LULU)
Thomas Weisel Partners LLC Or Affiliate Has In Past 12 Months Received Investment Banking Compensation From (CACH), (ULTA), (LULU)
Thomas Weisel Partners LLC Or Affiliate Expects In Next 3 Months To Receive/Seek Investment Banking Compensation From (ANF), (ANN), (CACH), (CWTR), (ULTA), (LULU)
Thomas Weisel Partners LLC Is A Market Maker In (CACH), (CWTR), (PSUN), (ULTA), (URBN), (LULU)
Thomas Weisel Partners LLC Or Affiliate Has Provided In Past 12 Months Or Is Providing Investment Banking Services To (CACH), (ULTA), (LULU)

MARK MAHANEY

A Citi Associate Owns (YHOO), (GOOG); A Citi Research Assistant Owns (GOOG)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (PCLN), (YHOO), (NFLX), (AKAM)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation In Past 12 Months From (EXPE), (AMZN), (YHOO), (GOOG)
(EXPE), (AMZN), (YHOO), (GOOG) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities Related)
(EXPE), (AMZN), (YHOO), (GOOG) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities Related)
Citigroup Global Markets Is A Market Maker In (EXPE), (PCLN), (AMZN), (YHOO), (GOOG), (NFLX), (NILE), (VPRT), (AKAM)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (EXPE), (YHOO), (GOOG)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)

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