Wednesday, February 16, 2011

When will this Bull get tired?

All of the major US stock indices are up at least 5% in 2011, but the most common theory on Wall Street is that a mid-major pull back will take place soon.  The market would be the first to disagree.  Fans of the pull-back always get excited following a bullish day because they are expecting the sell of to start the next day.  So far they have been wrong every time.

This market continues to prove to be incredibly resilient.  The market was none to concerned with the crisis in Egypt, except how to profit off of it, and it has not been to interested in the bad economic numbers.  The markets blatant disregard for bad news will more that likely lead to at least a small pull back at some point in the near future.


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