Thursday, February 25, 2010


“The bullish action last week in almost ALL asset classes confirmed temporary price stabilization, at minimum,” Alan Knuckman explains from his post in Chicago, “and possibly a march back to recent multimonth highs.
“Good signs across the board include crude oil rising up to over $80 a barrel and almost 15% off of the three-month lows seen just two weeks ago. This rally signals continued strength in the global recovery via demand support that is poised to test January highs at $85.
“Take a look at crude oil and the broad market S&P over the last month:
“Every major asset sell-off attempt to break the uptrend established from the March 2009 extreme market lows has rebounded with new relative highs.”

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