Friday, December 4, 2009

Market Comment 12 04 09

The numbers from the November employment report issued this morning were much better than expected. The market has rallied by better than 100 Dow points. If the gains in the stock market hold today the market will have completed an upside breakout on improved breadth and volume. Gold and the dollar have retreated, breaking the recent link between the dollar and market. This is a positive sign.

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