Sunday, June 28, 2009

Follow through or failure?

I'm watching a lot of stocks as well as the major indexes right now. The tea leaves are mixed, but it's looking to me like we might be lurching toward a continued summer rally. The next couple of days will probably seal the deal - either up for awhile or a continued grinding in this range. The funny thing is that there's no real support for it in the economy that I can see. But since when has the market demanded logic?

The good news is that we're used to market corrections in the Fall. At least it will be familiar.

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