Even Further Divorced From Logic

See you at $160.

I haven't exactly embraced this rally, and I'm not shy about that. It is what it is. I applaud those who have stayed with it, although this doesn't include too many folks, judging by the sentiment readings from the American Association of Individual Investors. When the SPDR S&P 500 (SPY) broke above $157, the measured target was $160 on the chart I had been following, which I posted here a few days back. I really didn't believe the economic numbers supported it, but this market is so awash in liquidity and doubt that my beliefs don't matter one ounce....282 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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