Stocks shift back into worry mode

A plunge in Germany trumped good news from the United States this morning. In Germany, the index of investor expectations from the Zew Center for European Economic Research fell to a negative 4.3 in September from 14 in August. In the United States retail sales excluding autos retail sales climbed 0.6%. That was twice as much as forecast.

Is the economy stronger than the numbers say?

Is the economy stronger than the numbers say?

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Momentum to take out the top of the range builds

A torrent of positive news on Monday, September 13—faster growth forecast in Europe, a lax deadline for banks to meet capital requirements under Basel III, and better than expected manufacturing growth out of China—all pushed the market upward to open the week. And in my opinion increased the odds that stocks will continue to climb until they take out of the top of the range on the Standard & Poor’s 500 index at 1130. And that would be a very positive signal.

Huge rally, S&P up 3%: Now what’s it mean?

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