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  • The Bull is Back – A Full Market Recovery

    Posted on September 16th, 2009 No comments

    If you watch business television, you will hear a lot about a W shaped recovery¬†and a V shaped recovery. Simply put, my bet is with a V shaped recovery and we are well into it. Most analysts were expecting a drop once we broke 1000 on the S&P, and it didn’t happen. We are well through 1000 and approaching 1100.

    Is 1500 on the S&P possible next month? Absolutely not, but in 2010 I certaintly think so. I believe we are going to fight a little battle here at the 1075 range, maybe falling back as low as 1025. But generally speaking the charts are strong and very bullish. We are out of a recession and its only a matter of time till you hear Bernake say it.


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