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S&P 500 breaks to new recent highs
August 7, 2009 Fri 12:13 PM CT

Today's encouraging unemployment report broke the S&P 500 to new recent highs.

Now, the consensus year-end index target of 1050, which Goldman Sachs raised to 1100 yesterday, does not appear far off. In fact, both are closer in time than we might think, at least if current trends hold up.

SPX ChartThe yellow line on the chart shown here is a linear regression  from the initial uptrend...


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