Market Outlook for The Week Beginning Monday, December 13, 2010
This “Outlook” provides you with information for the week, which includes economic news and indicators, company news, technical indicators, market conditions, options action and investing ideas.
Extract: “It is quite interesting for the markets when analysts, researchers, etc., have differing opinions on a situation, and in this case, the week ahead for the stock market –which could help to explain why the week will be elfish!
On one side of the mirrors-view-point, we have pessimism – where the December rally is seen as reaching its climax, with dwindling volume, excess optimism, and history, which all points to a stock market that could be running out of steam.
On the optimistic side of the mirror -- we have the view that this year's miracle won't be limited to 34th Street as it will spill onto Wall Street as well. This is backed up by the recent agreement to extend the Bush-era tax cuts which will help lift the markets in the final weeks of December, analysts say, with retail stocks expected to be among the top beneficiaries.”
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