Stock surge is a bear market rally that will collapse, James Bianco warns
Market researcher James Bianco warns April’s big run will collapse.
His reason: Investors are too bullish.
“I understand the market has been up a lot since the March low. But what I see in the market is a retracement rally that looks very similar to the first type of rallies that you get in protracted bear markets,” the Bianco Research president told CNBC’s “Trading Nation” on Wednesday.
Bianc…