Global stocks soared again Tuesday as the U.S.'s $1 trillion plan to relieve banks of toxic debt spurred investors to pick up riskier assets. But experts interviewed on CNBC are skeptical of Wall Street's huge overnight rally.
Rally on Wall St Completely Unjustified
The rally on Wall Street was completely unjustified if one thinks that it is the start of the bull market, warns Kirby Daley, senior strategist at the Newedge Group. He tells CNBC why this is just another bear market rally.
Wall Street's Rally Risky?
The markets may have moved prematurely on the U.S. government's plan to buy up banks' toxic assets, says Stephen Roberts, chief economist at Nomura. He tells CNBC that there is a bit of risk in how Wall Street moved.