Tuesday, October 16, 2012

Euphoria! The Pollyanna Party Continues

Modestly mixed economic news yesterday has sparked a sharp stock market rally yesterday and today, bouncing off the lower Bollinger Band. Yesterday's modestly better-than-expected retail sales figures, while ignoring the Empire State manufacturing index that showed continued contraction, ignited the rally, which is picking up steam today. The Pollyanna Party is renewed!