‘Buyers strike’ is over, post-election stock rally has legs

first_img“There’s been a buyers’ strike for the last three weeks to cash,” but now that money is beginning to work its way back into stocks and helping propel the major U.S. equity indexes higher, Lee said on “Halftime Report.” “There’s been $4.5 trillion on the sidelines. Retail raised a lot of cash. People were really stressed into this. Now we have less uncertainty. Still uncertainty, but less and that’s why we’re rallying.” (This story is for CNBC Pro subscribers only.)The rally on Wall Street after Election Day may have momentum to continue into the end of the year, Fundstrat Global Advisors founder Tom Lee told CNBC on Wednesday.While the presidential race between President Donald Trump and Democratic challenger Joe Biden has not been decided, Lee said investors still have more clarity now than they did in the weeks preceding the election.- Advertisement – A trader works on the floor of the New York Stock Exchange.Adam Jeffery | CNBC – Advertisement – – Advertisement –last_img read more

Helmets?| Aussie cricket legend Chappell left outraged by protection idea for bowlers

first_imgAUSTRALIAN cricketing legend Ian Chappell says giving fast bowlers helmets won’t address concerns over any injury by balls inadvertently hit back at them.Development of a helmet for fast bowlers has been commissioned by Cricket Australia, after a number of incidents involving bowlers being struck.It is hoped prototypes of the helmet will be ready by this summer.Chappell, though, believes giving bowlers the option of a helmet is the wrong way to tackle the problem.Instead, the former Test captain is arguing that modern bats are the real reason bowlers have been injured.“In baseball they know at what speed the ball leaves the bat. That technology could also be applied to cricket,” Chappell said in an interview for Wide World of Sports.“If you know at what speed the ball is leaving the bat, you know how much time the bowler has to react.“The tests would tell you that at the moment they haven’t got enough time to react if the ball comes straight back at them.“I think they’ve got to use that technology to change the bats, to give the bowlers, and the umpires, time to protect themselves, rather than trying to put helmets on bowlers.”Chappell also went on to argue that helmets would likely be an unpopular solution among bowlers.He drew some comparison to baseball, where pitchers are permitted to wear helmets but rarely do, due to the design of said helmets not protecting the most vulnerable areas.Add in the fact that cricketers take a run-up before bowling a ball, and that the weight of the helmet might affect the bowler’s pace and accuracy, and Chappell was well and truly off the idea.“I would have thought if you’re running in with a helmet on for 25 overs a day, it’s going to take a bit of getting used to, and the amount of sweating would be a problem,” Chappell said.“In the end I’m wondering what impact it would have on a pace bowler? Would it slow him down?“They’re coming at it from the wrong end, they’ve got to sort the bats out rather than find helmets for bowlers.“I doubt it will happen.”(Yahoo Sports)last_img read more