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发表于 2011-12-19 12:53 PM
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According to the Stock Traders Almanac, December is traditionally the best month of the year for stocks. That’s because December has been in the plus column 75% of the time over the last 60 years. Plus the days just before and just after Christmas are amongst the most bullish on the year. Don’t take this one to the bank, but it does bode well for this week.
What else bodes well is that Europe is starting to recede from the headlines. With that their bond rates are retreating from scary levels as well. For example, the Spanish 10 year note is now down from 7% to a much more palatable 5.3%.
The less there is to worry about in Europe, the more we can focus on the home front. And there is plenty of the economic data to support sufficient GDP growth to generate corporate earnings growth. And with valuations so attractive on a historical basis, it will create a pull towards US stocks soon enough. So I think Santa will deliver in the days to come. |
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