Tuesday, March 09, 2010

So much for that correction

The S&P 500 has recovered from the January-February correction, and is only a few points away from a 16-month high. In the short term, sentiment indicators say there's still maneuvering room for additional gains in this bull market rally. On intermediate and long time frames, seasonal cycles and a very low dividend yield of 2% are not favorable for a prolonged continuation of the upward trend.

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