It is hard to predict when things happen and major inflection points occur - but it looks to me we have one today. The DOW is up over 300 points today and companies are making record profits (many up 25%-30%) from last year. The European Debt Crisis looks like it is being delt with in a serious way - and all the shorts are now covering there positions. Today is the day to become an optimist if you are not already one!
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Yesterday the Dow rose 490 points as the central banks (including China relaxing their reserve requirements) - all back solutions to the European Debt Crisis. This along with the housing market increasing 10% for new pemits and holiday spending at higher than expected levels all point to the continued economic turnaround