Sunday, April 08, 2007

Signs of a Positive Market

The Labor Dept. employment report Friday showed big job gains and a drop in unemployment. Traders are already celebrating; stock index futures are solidly higher in Sunday evening trading.

What I'm hearing now is that although it would be unlikely for the market indexes to just keep on higher without one more downside scare, that doesn't mean it's impossible. The market always likes to fool the maximum number of people, so we may not get that final decline (or at least, not till later).

More than one of my sources are saying it's time to buy, at least partial positions, and at least for the next couple of weeks. They are generally also looking for gains between now and year-end, no matter what happens in between.

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