High Noon on Wall Street: Can stocks sustain a Wednesday snapback rally?

WASHINGTON –It’s High Noon on Wall Street this Wednesday. And, at the moment at least, Wall Street’s bulls, who managed to mount a 450+ point morning snapback rally on the Dow, have either left for an extended lunch or have chickened out entirely after sober second thoughts about their a.m. buying spree. The Dow is still up as this High Noon column gets underway. But it’s up less than 15 points at the moment, having lost 385 points of irrational exuberance over the past 20 minutes or so. Some snapback rally. ##### Snapback rally has a hard time getting momentum. Why?The reason, according to a …

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