Just about all my clients have been asking what I think of the stock market, and whether the powerful rally we’ve seen over the past year will continue. It’s taken a lot of people by surprise. If you missed this rally, you may be feeling left out, but there are ways to participate using futures and options, no matter what your view. The S&P 500 has gone almost straight up since March 2009. A lot of the gains have come on lighter volume, indicating that not many people have been participating in the gains. It has been a slow-grind type of rally. When the rally started, the economy was still in bad shape, bailouts were being handed out left-and-right, and unemployment was steadily increasing. While many economic questions still remain, particularly regarding employment, traders who tried to short the market in disbelief paid the price. (more)
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