Capitalogix Commentary 12/13/10 - Is the Rally Fake?

I'm in Indonesia finishing a business trip. 


While there, this sign caught my eye.  A fake Obama urges users to buy genuine Microsoft. 

Fake Obama for Real Microsoft-1
Meanwhile, Obama and the Fed Declare That Market Gains are Genuine.

Here is a chart showing that the Dow Jones Industrial Average is trading near its recent highs.

101212 Dow at Top of Range

Time will tell if the rally holds.  Many traders are happy that the markets have worked-off some of the over-bought condition without a major pull-back from recent highs.  It seems like a healthy base for a Santa Claus Rally.

Business Posts Moving the Markets that I Found Interesting This Week:

Lighter Ideas and Fun Links that I Found Interesting This Week

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