4265 - 5265 in a matter of weeks.We are well over due a relief...

4265 - 5265 in a matter of weeks.

We are well over due a relief rally - and I am FULLY BULLISH on a major upswing - markets have spent enough time focused on the glass being half empty (indeed dry) but, good news coming into this earning season and geo political macro factors like BP capping the spill, Success in Greek deficit reductions should see a prolonged rally to October.

The Macro factors are onboard and the market is forward looking - It was looking for heat to come off in China and so it has. It was looking for certainty that Banks will sill lend - stress testing by the EU and IMF on euro banks has shown that none are in danger.

So, once they get over the doom and gloom - the next rally will be ( In my view ) exceedingly fast. Look for a 100+ point rally on the dow tonite.

Look at BLY, ANZ, BHP as standouts over the next month.

cheers


Jake

( if your still feeling depressed over the GFC II - build a freakin bridge ! )