Monday, December 5, 2011

12/5 More Rally, Gold drifts, Outlook remains Bullish

It was a wild week for the markets last week and stock markets are off to a strong start today. It is obvious that from an annualized perspective the strong returns for stocks during the past week cannot be maintained forever. There is probably a some more to go in this rally and then pause or even another decline before we see another big burst higher from some other sort of intervention. But think about it, to get a 7% weekly jump out of the Dow required a goosing of the market by the Federal Reserve due to some very dubious circumstances.

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