| 11/06/10
I said it a few weeks back, and I'll say it again. What a rally...
I must admit I am more than a little confused by this weeks surge in stock prices, given that the Fed announced the other day that it will continue it's printing money campaign in an effort to turn around the economy.
That aside, with the end of the year not far off we're beginning to think that a Santa Claus rally certainly can't be ruled out. Looking at the gains off the 2009 bottom, the gains are impressive:
DOW - 74.8%
S&P - 81.2%
NAS - 103.2%
With two nasty bear free falls in the past decade, one has to wonder how much longer this can last. It would be nice to get out before the next downturn takes place, but with no crystal ball available I think we're along for the ride at the moment.
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