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Reluctant to Chase Stocks into Any New Rally

Reluctant to Chase Stocks into Any New Rally

"Liquidity is clearly forcing things higher ... And it certainly has the potential to call (the rally) further," John Haynes from Rensburg Sheppards said. He told CNBC he is worried about the inventory cycle, the "supplementary stimulus" measures for consumers and a rising oil price. "We would be reluctant to chase equity markets into any rally that moves further from here," he added.

CNBC | October 27, 2009Watch more videos from CNBC

Tags:. .rensburg. .reluctant. .cnbc. .supplementary. .sheppards

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