The stock market must be happy about the Packers victory, because it continues to make new highs today. Of course the fundamentals have a wee bit to do with it as earnings continue to be stellar and global growth gradually leads to a global recovery. The key word is “gradually”, as too much growth will lead Bernanke and the Fed to cut off the stimulus. The trend is still up but the short term risks are high for a moderate correction, most likely after earnings season is over.
Regards -Keith Springer