January 4, 2010
Demand for “stuff” is expanding as industrial production in the US and China grew faster than expected increasing commodity prices. This is a sign of recovery and stock markets reversed course from Thursday’s sell-off and moved higher.
Trailing PEs are still historically high so earnings must come through to justify these levels. And, with markets being forward-looking higher earnings are expected or else. The only flies in the ointment are...... READ MORE!
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