Is the rally over?
Not at all! The world’s bankers say the economy is recovering. Investors believe them; they’re bidding up stocks.
The Dow rose 155 points on Friday. And today, stocks are rising in Asia. Oil is over $74. Gold rose $13 on Friday…to close at $954. And the dollar is killing us softly…sinking to $1.43 per euro on Friday.
Stocks and oil are at their highest levels so far this year. With such profits at hand people figure they don’t need the dollar. Investors run to the safety of the greenback when financial storms approach. But now…they think it will be clear sailing.
“Worlds bankers suggest rebound may be under way,” says a headline at The New York Times.
Is the world economy really recovering? Should you buy stocks now to take advantage of this new bull market? (more)
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