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Thursday, September 29, 2011

Today could be biggest stock rally of the year

After German vote approval for EFSF, the jobless claim fell below 400k, GDP at 1.3 beating  last month 1.0 %, we could see the biggest stock rally of the year. The only thing which may hold is Troika inspection in Athens for new Greece bailout. If that is approved today there would be no holding. The Shorts have to cover their ground and pushing the S&P over 1200 Dow over 11400.
Since the stock will open higher don't jump at this point. Avoid buying any new stocks today. 

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