In effect, the entire "summer rally" has been wiped out - and then some.

"Markets could be setting up for a summer rally," he added.

The tradition of summer rallies is a great one.

"Looking further ahead, the second half of the year remains poor, despite the potential for that normal summer rally."

To others it signals the beginning of a more limited summer rally.

As for the summer rally, my guess is that you may already be seeing it.

I'm invested as though we will probably have a summer rally.

Most people say the summer rally will last 8 to 10 weeks but I don't think so.

I went to the big summer rally, not this time of year.

But he predicted the summer rally would be back on track within a couple of sessions.