AP Business Writer Francesca Levy published a good article on Sunday, which discusses the predictability of the stock market.
In it, she points out that while the outcome of the escalating war in Libya is uncertain and the threat of severe nuclear contamination from a breached Japanese nuclear reactor still looms, the markets ended the week up.
Investors are left wondering: what happened to all that headline-driven volatility from two weeks ago?
In the article, Levy seems fairly certain that last week's rebound wasn't so surprising and that numbers suggest stocks will likely keep rising for the next few months.
I hope she is right. I'm looking at the week ahead as a first test to her theory, especially since we may run into some resistance given the fact that some of the market indexes appear to be in dangerous "overbought" territory and in that situation the demand for certain
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