Thursday, July 7, 2011

SPX | Where is all this strength coming from?

Greece with 20% government bond yeilds, and Portugal, Spain, Ireland not to far behind.  A fifth Chinese interest rate bump since October.  A completely jobless 'recovery' thus far in the US.  And yet, I am looking at trendlines that suggest we could be reaching 1415-1420 by the first week of August.

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