Monday, July 11, 2011

Markets not likely to rally from here

It is highly unlikely to see the markets rally at this point.  There are several fundamental and technical reasons for this.  Between the political debt limit battle, the continuing economic troubles in Europe with Greece and other nations, and current sentiment, I seriously doubt if we touch the early May high that it will go up from there.  We will likely stay in the current range of 11,600 to 12,800 on the Dow Jones Industrial Average for a few more months at least.