Editor's Note: The following article was written by Raymond James Chief Investment Strategist Jeff Saut. It has been reproduced with permission for the benefit of the Minyanville community.In Energy Sector Powers Up I suggested equity markets were bottoming and urged investors to accumulate stocksfor what I thought would be a pretty decent rally. Since then we've seen a buying stampede. Such stampedes tend to last 17 to 25 sessions interrupted by 1- to 3-day pullbacks before exhausting themselves on the upside. It just seems to be the rhythm of the thing: Participants’ emotions turn from bearish to bullish they bite ...

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