Riley says the rush of money pouring out of the bond market in to stocks has the S&P up 13% this month. The positive news out of Europe, a very strong batch of earning and an improvement in some of the economic data has helped propel the markets higher.
Riley also talks about Nov starting the best 6 month period for the DOW and NASDAQ. He also talks about the 1288 TSUNAMI ledge chart and says despite it being the OCT month and and the beginning of NOV he says he concerned that the markets may need to pull back before the end of the year rally begins.
**Filmed on the trading floor at the CME Group. Produced by MrTopStep Productions.
Youtube Link: http://youtu.be/TpHuAQxl63U
MTS SITE: http://mrtopstep.com/2011/10/october-biggest-monthly-gain-since-1974/
Daily Dividend Report: LMT, XOM, WFC, COST, SE, AB Related symbols: LMT,XOM,WFC,COST,SE,AB
Weekly Market Wrap: October 21, 2011 Related symbols: C,JPM,WFC,YHOO,MSFT,AAPL,T,S,VZ,MCD,ARCO
Weekly Market Wrap: October 14, 2011 Related symbols: YHOO,GS,CMCSA,MSFT,GOOG,NWS,NDN,LIZ,JCP,KSS
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