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Published on Sep 3, 2016
The
S&P 500 rallied during the course of the session on Friday, as we
continue to see buyers every time this market drops. The less than
expected jobs added during the previous month of course also fueled
speculation the perhaps interest rates will stay lower for longer than
thought, and that of course is good for stocks. Ultimately, any time we
pullback I still believe that the buyers will return, because quite
frankly the lack of interest-rate hikes coming soon will be a boost for
stock markets in general. Ultimately, this is a market that I have no
interest in selling, and I still have a target of 2250.
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