by MN Gordon,Economic Prism
The stock market’s on a six week win streak. What’s more, from June 4 through last Friday the DOW’s up 9.7-percent. Can you believe it?
We thought the stock market would meltdown this summer like Charlie Sheen following a weekend bender. Instead it has melted up like a Great Plains heat wave. Home Depot, PepsiCo, Chevron, 3M Co, Google, plus 42 other S&P 500 stocks have recently
hit 52-week highs.
If this keeps up just about anything could happen. In fact, the S&P 500’s a horse’s hair away from taking out its April high of 1,419.04, and reaching a new four-year high. The way things are going, before long, the S&P 500 will take out its October 2007 all-time high of 1,565.
Ryan Detrick at Schaeffer’s Investment Research thinks stocks will continue to (Read More....)
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