The Fred Report - Weekly April 26, 2010
The summer rally may have started earlier than expected. Overall, this market is acting like the 1975 to 1980 period – and this same sort of bullish sentiment was a feature of that time as well. The late 1970’s also showed strong out-performance by small and mid cap stocks, just as we are seeing now. The smaller cap ETF’s (HAO and JOF respectively) continue to outperform and we consider this an indication that the world economy continues to improve.
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