Thursday, October 27, 2011
New High Before January - Possible
Bulls are celebrating today and there might be more coming for them! The earnings season is approaching to its end and it is way better than investors had feared. The Q3 GDP number is released today, again it is way better than investors had feared. Besides, what happened in Europe and China is also encouraging. European leaders finally become serious about their problem, and Chinese leaders become more growth-friendly. Before January, that is before the next earnings season and GDP number, what will a sensible investor do if a big chunk of his money is still sidelined? Surely there the market will zigzag in the next three months. But when the trend is clear and strong, miss a day will miss a lot.