There are plenty of reasons to worry about the long-term health of the U.S. economy. But on Wall Street the mood is "What? Me worry?" once again. Optimism is rampant, replacing the doom and gloom of winter when it looked like the financial crisis had no bottom.
Monday's stock market rally took the Dow up to its 200-day moving average; the S&P broke through the benchmark, the classic line of demarcation between bull and bear trends. Just as investors panicked and sold everything in March, they're now rushing back in, fearful of missing the big rally.
For farmers familiar with the whims of the commodity market the pattern is all too familiar.
To read Bryce Knorr's complete weekly financial review, click HERE.
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