Market Watch – 12/25/2010

Merry Christmas!

This year could be the best year since 2006.  The U.S. economy has returned to the level a little better than 2007 based on the retail sale number.  S&P 500 company’s aggregate earnings reached about $20/share, also comparable to the performance in 2007.  But the stock market has about 2000 points shy to the 2007 level, pricing in the disappointing unemployment picture.  With Q4 having only one week to go, my GDP real-time thermometer model, if it is correct, indicates the U.S. Q4 GDP grows at 4% pace, better than the projection of most analysts.  In the near term, market could be bullish throughout January, 2011.  The Santa’s rally is just started.  So, enjoy and have a happy holiday season!

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