A report out this morning indicates that industrial production in the 16 countries that use the Euro grew more than anticipated. I gotta tell ya, this goes back to how irrational fear took over the market place over the past month and a half or so and how powerful that emotion can be. Going back to my previous posts, my feelings are as long as we remain in an low interest rate environment with tepid inflation and accommodative global reserve policies, we should continue to be in a prolonged bull market. If we also begin to see top line growth on corporate balance sheets that could cement the direction of the market. Let’s see what happens.

All the best.

~George