Monday, December 19, 2005

Blog of the Week: The Kirk Report

PPI Is The Last Major Hurdle

1_9Good morning. As the experts debate on what is in store for the next two weeks, we know that the market tends to have a bullish bias in the final two trading weeks of the year.

As you know, the market has been consolidating the 4Q rally for several weeks setting up for interesting year-end trading. Sure, there are concerns over inflation, energy prices, holiday shopping, etc., but these are the same concerns that have been with us for some time now. And, although we have a lot of economic data to sift through this week, tomorrow's PPI is the last major hurdle for the bulls and it comes at a time when the market is no longer overbought...

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