Wednesday, July 29, 2009

More Optimism from Bloomberg

Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day . New reasons to keep driving this irrational rally keep sprouting. Excerpt:

"The Dow Jones Industrial Average is sending a buy signal that has foreshadowed
gains of 18 percent during the past nine decades. "


Here's the Chart, which only goes back historically to 1989, and is not attached in the above article:



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