Demystifying the Rally

All stock-market moves are controversial, but this rally is outright mystifying to many. The strength has certainly surprised investors, although some of the strength may be due to perspective. The S&P 500 is up 11% off the Nov. 15 post-election low, but it is now up only 3% vs. the 1460 level it marked for much of the autumn.

S&P 500 -- Daily Source: Yahoo! Finance View Chart » View in New Window »

(As an aside, the markets once again proved that you cannot ignore history. In September I analyzed the historical post-election stock market performance, noting that the market usually rallies as the uncertainty is removed. That analysis looked wrong for the first week after the 2012 election -- but, since then, the pattern has emerged once again.) ...1086 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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