The market shot up today with moderate volume due to lack of sellers. I think the market can move higher from here for the following reasons.
More brokerages continued to express cautious view in the equity market (contrarian).
Continue anxiety related to katrina and its impact. The market like to climb a wall of worries
Market’s resiliency to the devastation of katrina
I like bio techs and semiconductors to move significantly higher than other industries during this rally and bearish on the oil.
It's not when you buy. It's when you sell!
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on Tuesday, September 6th, 2005 at 4:34 pm and is filed under Stock Market.
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