Wednesday, July 31, 2013

The Generals

Lead me, follow me, or get out of my way. - General George Patton

It's hard to be bearish when the markets "Generals" continue to lead the way higher. The banks led us down into the bear in 2007 and they have been leading us higher since the fourth quarter of 2011. While we were cautious as they approached long-term resistance this spring, in commanding fashion their performance has cleared the way higher.  

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