Stock Market Rally extends to Four Days in a Row

stockmkt

We certainly have seen quite an impressive turnaround in the stock market this week, led by the financials. Big percentage gains, great breadth, and good volume. Talk of change in the Mark to Market FASB regulations, potential change in the uptick rule, G20 Finance meeting this weekend, Big Ben on 60 Minutes, and Larry Summers and Warren Buffett being bullish on the long term outlook, all led to some real optimism on Wall Street. I have pointed out the big change in notable respected Bears turning bullish in an earlier post here.

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