LetterMan's Top Ten ... TOP TEN REASONS WE MIGHT BE STARTING A SUMMER RALLY.
10. FED No Rate Hike in June and they won't meet again until August.
9. First Half of Y2k are over, THANK GOD. Lets end the year in the BLACK.
8. NAPM came in Lower than expected. :-)
7. Volumes are the key here, is it SELLING or BUYING ?
6. SAUDI will increase Oil production effective immediately by 500,000 barrels/day. My Yugo needs GAS !!!!
5. On a half day in the US markets Volume was well above what wwas expected.
4. The non-Farm payroll data out this Friday are rumored to be favorable as well.
3. Annalysts are starting to talk of a mild summer rally in the works as well.
2. Investors are keeping fingers / toes or anything else they have that they can cross, crossed, that come August the FED may just decide that they have done their job and slowed the economy enough that no more rate hikes are needed... well we can all hope :-)
and the #1 REASONS WE MIGHT BE STARTING A SUMMER RALLY is ... Why the Heck NOT ! :-)
Steve
Good Hunting All !