ozcutty2

Market Outlook: Trendless Consolidation Will Give Way to Major Move

Good analysis, i too am thinking choppy range bound trading until next results season. Then i feel its up to the banks, if they can pull off some stellar results that could kick start another move higher. Another interesting point is the number of companies thats results rely on a rising market, think insurance companies, asset management, or any company with stock investments. If the market can at least drift up or climb the wall of worry for another month or so, these companies are going to report great mark-to-market gains on their investments which could inturn drive the market higher, i.e. the bull feeds on intelf.