The Santa Clause rally came late this year, but it eventually came. It pushes S&P 500 towards 1300, which is my upside target for the next 3 months.
Market sentiment has turned bullish (not excessively) according to AAII Investor Sentiment Survey.
Breaking this level requires significantly better news from Europe and the US.
The better than expected US job number alone couldn't do the trick, meaning all attention has been paid to EU debt crisis.
Going into 2012, market continue to fight the negative news from europe and I expect this to continue.
Being a successful investors in 2012 will a difficult task.
Friday, January 6, 2012
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