With stocks making triple digit gains on Monday some investors are asking, "is the action the start of the next leg higher -- or is it a sucker's rally?"
Hedge fund manager Andy Kessler isn't riding this bull. In fact he's taking it by the horns.
In last week's Wall Street Journal he laid out a case that seems rather compelling for the bears. We found his perspectives so intriguing we asked Kessler to join us as a guest on Fast Money.
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He told us in no uncertain terms, this sure smells to me like a suckers rally largely because there aren't sustainable, fundamental reasons for the market's continued rise.
Kessler believes it all comes back to the banks. Although they’re up something like 30% over the last few months the gains were not based on strong profits but rather the notion that “financial Armageddon was off the table.”
