Making Money Alert – FREE
09/01/2010
Throughout August, it was a case of equity bears succumbing to bond bulls. Well, the first day of trading in September basically reversed the game. It was the equity bulls who were back in charge, and the bond bears finally started to come out of hibernation. A quick look at the following charts will give you an idea of the kind of divergence we’ve seen in the market of late.
First off, we have a six-month chart of the S&P 500 Index. As you can see, we are right in the middle of a trading range from about 1025 to 1130. Today’s big surge nearly across the board has helped lift the market higher, and that’s good news for what was a really tough August for the bulls.
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