Bears Get Suckerpunched Again

dead bear

This is shaping up to be a really ugly September… for the bears that were counting on an end to the rally.

There was nothing particularly notable out there today, just a general drift higher, with the Dow ending up 56, a tad below 9,500. The S&P 500 and NASDAQ were both up a bit less than 1%.

Our rally followed two days of up markets overseas.

It’s true that USD was weak, but when you’re dollar-adjusting your own market to make your case, you’re already losing. Even gold fell below $1,000 to around 995 — nothing scary there.

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