Thursday, September 17, 2009

Stocks Continue Advancing--Is The End Near

Stocks around the globe are ignoring all stop signs right now and keep pushing higher and higher. Not just here in the U.S., where we see the Dow and S&P 500 continue setting new yearly highs, but it's in overseas markets as well.

Here's the boxscore:

China Shanghai Composite: +2.0%
Hang Seng: +1.7%
Nikkei: +1.7%
Kospi: +0.7%

And, the jobless claims number released this AM shows supporting evidence that people are getting back to work--or the amount of layoffs has subsided. We at LandColt Trading feel it's the latter, but like we said yesterday--up trends need to begin somewhere.

More later.

Talk to you,

Todd M. Schoenberger, Managing Director
LandColt Trading, Inc.

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