On March 5th, I mentioned that I thought an equity market rally was on the horizon. Back on March 16, I thought the rally would take the Dow over 7,500 by month end. The rally has indeed taken the index over that level, closing above 7,900 today. Trading volume in the Dow components has started to drift lower over the last few sessions and more than half of the 12/31/08 - 3/9/09 loss has been recouped. I think tomorrow will be the beginning of the end of the rally.
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